United Business Media buys Quest Media for up to 5 mln stg in cash |
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Published
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Thu, 11 Jan 2007 09:21
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LONDON (AFX) - Market research and news distribution group United Business Media PLC said its UK-based CMP Information trade shows and conferences division has acquired Quest Media Ltd for up to 5 mln stg in cash.UBM said the acquisition will add six awards events, three conferences and an associated magazine to CMP Information's events portfolio, including the National Business Awards, National Sales Awards and the National Customer Service Awards.In the year to November 2006, the business generated revenue of 3.7 mln stg. The acquisition is expected to meet United Business Media's 8 pct post tax cost of capital criterion in 2007, the company added.newsdesk@afxnews.comtsk/cwCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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