24th Feb 2005 07:01
Centaur Holdings PLC24 February 2005 Centaur Holdings plc 24th February 2005 Centaur Holdings plc (Centaur) acquires logistics magazine and two exhibitions------------------------------------------------------------------------------ Centaur, the specialist business publishing and information company, is pleasedto announce that it has acquired Logistics Manager, a monthly magazine forlogistics professionals, and the two Logistics Link exhibitions that go with it,for £500,000 in cash. The magazine and exhibitions have been bought from Seven Kings Publications Ltd.The magazine was launched in 1994 and is published ten times a year. The firstof the Logistics Link exhibitions was launched at Sandown Park in 2002 and thesecond was launched at Doncaster in autumn 2004. In calendar year 2004 the tenissues of the magazine and the two shows had a total combined turnover of £0.9m. This is Centaur's first acquisition in a new community since the company wasfloated on AIM in March 2004. In December 2004 Centaur was admitted to theOfficial List on the London Stock Exchange. Graham Sherren, chairman and chief executive of Centaur, said: "We are veryexcited at the prospect of being involved in the logistics and transportcommunity and see huge potential for both the magazine and the exhibitions.Serving new communities is a key part of Centaur's growth strategy and LogisticsManager and Logistics Link fit the bill perfectly". Centaur's strategy is to build on its strength in the markets in which italready operates and look for other communities where it can apply its knowledgeand expertise. The company believes that the logistics and transport communityis ready for greater recognition. Managing the supply chain efficiently can havea significant impact on the profitability of manufacturing, distribution andretail businesses. The growth of internet shopping is also changing the face of UK retailing,requiring significant improvements in the efficiency of logistics processes. Neil Asten, Chairman of Seven Kings and publisher of Logistics Manager, said:"In the 11 years since we launched Logistics Manager we have developed it into ahigh-quality journal and introduced many new features and events. Centaur willuse its experience and knowledge to take both the magazine and shows forward andhelp them play an even more important role in logistics and transport." Centaur is one of the UK's leading business-to-business publishers. Centaur'spublications include Marketing Week, Design Week, Creative Review, The Lawyer,Finance Week, Money Marketing and The Engineer. It also has a major Exhibitionsdivision that runs around 20 exhibitions a year including the Business Travelshows, several shows in the marketing and financial services sectors and theHomebuilding & Renovating shows. The Logistics Manager and Logistics Link operations will be moving to Centaur'soffices in central London in early March. Enquiries: Centaur Holdings plc Graham Sherren Tel: 020 7970 4506 Geoff Wilmot Gavin Anderson & Company Richard Constant Tel: 020 7554 1400 Laura Hickman Janine Brewis This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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