News this week: Last week, U.S.-headquartered Diversified
Communications announced the acquisition of Singapore-based media company HRM Asia. HRM Asia’s 27 staff members will continue
to be led by HRM Asia’s general manager Kaveri Ayahsamy. Terms of the deal were
not undisclosed. The deal was assisted by exhibition specialist brokers Mayfield Media Strategies.
The acquisition of
HRM Asia will see the additions of HR Summit, the HRM Congress series, HRM
Magazine and HRM Online to Diversified’s portfolio of more than 175 events,
eMedia products and print magazines. According to Diversified, its global operations
of 850 staff now extends to eight countries and regions including Australia,
Canada, Hong Kong, India, Singapore, Thailand, the U.K. and U.S.
Matt Pearce,
Diversified’s international director, commented, “We are acquiring HRM Asia
because it fits well with our model of working across a variety of touch points
within a community. We see the opportunity to expand the business both locally
and internationally.”
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