Friday, December 20, 2013

UBM Sinoexpo acquires majority stake in Tiansheng shows

News this week: UBM Asia’s joint venture company in China, Shanghai-based UBM Sinoexpo, has announced the acquisition of two trade shows and their co-located events from Shanghai Tiansheng Exhibition Service Co., Ltd – the China Vending & Kiosk Show, the Shanghai Digital Signage Show. Financial terms of the deal were not disclosed. Mr Zhang Xinyuan, owner and general manager of Tiansheng, will continue to lead the show teams working alongside UBM’s Hotelex and Expo Shop teams.

The previous edition of the concurrent shows were held from 4th to 6th September 2013 at the Shanghai World Expo Exhibition and Convention Center and occupied more than 17,000 m2 of gross exhibition space. UBM Sinoexpo will officially begin to organise the shows from 2014 onwards.

Jimé Essink, president & CEO of UBM Asia, commented, “China is a big potential market for these two industries. We aim to bring in more overseas participation with our international network and large database to take these two leading and professional events to a new level. The China Vending & Kiosk Show and Shanghai Digital Signage Show also complement the annual Hotelex Shanghai and the co-located Expo Shop China show organised by Shanghai UBM Sinoexpo.”

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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