7th Feb 2012 07:00
7 February 2012 UBM plc acquires 4G World exhibition and conference Adds the largest independent telecoms and wireless event in the US market
UBM plc today announces that it has acquired the annual 4G World telecoms and wireless trade show from Yankee Group Research, Inc. on behalf of UBM TechWeb.
4G World (www.4gworld.com) is the largest independent telecoms and wireless event serving the US market. It is held annually in the autumn, with last year's show attracting 8,500 registered attendees and 250 sponsors. The comprehensive conference program delivers updates on the latest innovations in wireless business and technology, featuring 200 leading industry speakers.
4G World serves the fast growing mobile broadband market, which is expected to serve 2.5 billion 4G subscribers by 2016 (source: Pyramid Research). UBM TechWeb will leverage its Light Reading and InformationWeek communities - which include key service provider and enterprise technology decision-makers - to further develop 4G World as an integrated event platform for 4G marketers around the globe.
Last year's event ran 24-27 October 2011 and generated revenues of approximately $3.2 million. Gross assets as at 31 October 2011 were $0.2 million. The acquisition is expected to exceed UBM's cost of capital criterion in its first full year of ownership.
The 4G World operational team, led by John Sellazzo, are based in Massachusetts. Eight employees are transferring with the business.
Tony Uphoff, CEO of UBM TechWeb said:
"This acquisition expands our offering in the rapidly-accelerating mobilebroadband market. 4G World brings a valuable brand to our portfolio, and willimmediately be able to tap into our thriving Light Reading and InformationWeekonline communities serving global communications providers, enterprisetechnology executives, developers and the 4G marketers tasked with reachingthem. I would like to welcome John Sellazzo and his team into UBM TechWeb and Ilook forward to working with them to drive the business forward in closeco-operation with Joseph Braue, Group Director of UBM Techweb's Light ReadingCommunications Network." - Ends - ContactsMedia Peter Bancroft Director of Communications E-mail [email protected] Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail [email protected] Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts/Investors James O'Shaughnessy Investor Relations Manager Email [email protected] Direct telephone +44 20 7921 5095 Notes to Editors1. About UBM plc
UBM plc is a leading global business media company. We inform markets and bring the world's buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewellery traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.
For more information, go to www.ubm.com
2. About UBM TechWeb
UBM TechWeb enables people and organizations to harness the transformative power of technology. Through its two core businesses - marketing services, and business information - UBM TechWeb powers both technology decision-making and technology marketing.
For more information, go to www.ubmtechweb.com
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