World Economy

UBM Seals Deal

UBM Seals DealUBM Seals Deal

Britain’s Marketing and communication group UBM has completed the acquisition of US-based VSS-AHC Consolidated Holdings for £599m ($938m). The group said that by purchasing the American firm, also known as Advanstar Communication, it has become the biggest event business in the US in terms of revenue, ShareCast reported Friday. The US-based group operates 54 tradeshows and approximately 100 conferences as well as producing 30 publications and almost 200 websites. The deal makes UBM the largest events business in the US, the world’s biggest events market, complementing the strength of UBM’s portfolio in emerging markets.