Friday, October 24, 2014

Diversified Communications acquires HRM Asia

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.”

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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