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Ecobuild owner acquired by UBM

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UBM has acquired International Business Events, owner of the Ecobuild exhibition business, from its private owners.
The international organiser paid an initial sum of £31m (US$50.6) cash, with a further performance-based cash consideration of up to £20m payable over the next 12 months. The acquisition was made on behalf of UBM’s Built Environment division.
According to the organiser, Ecobuild generated revenues of £9.4m in 2011 with a compound annual growth rate of 54 per cent since 2007, making it the world’s largest exhibition dedicated to sustainable building products.
UBM will launch a new version of Ecobuild in Shanghai in April 2012, running alongside the company’s existing show Expobuild. The next UK edition of the show will take place from 20 to 22 March at Excel London.
“Ecobuild is a great show that complements our other businesses in the UK built environment sector such as Building and Property Week,” said UBM CEO David Levin. “We expect to double the size of Ecobuild over the next four years and we see clear opportunities to develop Ecobuild events in new geographies, taking advantage of our worldwide events infrastructure and our existing events portfolio, particularly in emerging markets such as China, Brazil, India and the UAE.”
The announcement comes as UBM reports its interim results, wherein underlying company revenues grew just over six per cent.
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