Friday, May 31, 2013

Reed creates JV with Indian exhibition organiser

News this week: Reed Elsevier’s subsidiary, Reed Exhibitions, has signed a joint venture agreement with Services International. The new joint venture, Reed SI Exhibitions, will be based in New Delhi.

Services International is an organiser of events for the fire and safety industry in India. The new JV will take over the portfolio of fire and safety events organised by both partners and expand its India footprint. According to Reed, the fire safety equipment market in India is expected to grow at an annual rate of 20% reaching US$4.26 billion by 2017.

Jaideep Gurwara and Sandeep Gurwara, founders and owners of Services International said: “This represents an exciting new chapter for the fire and safety communities in India. The combination of our local expertise and network and Reed Exhibitions’ global connections and collaboration possibilities with similar events around the world, promises a very strong and bright future for this new venture.”

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