10th May 2005 08:10
For immediate release 10May 2005 United Business Media acquisition of ABI Building Data UBM plc has today announced the acquisition of ABI Building Data Limited (ABI),from EMAP plc for ‚£12m plus an amount equal to the cash in the business. In thecalendar year 2004 ABI generated revenues of ‚£5.5 million and EBITDA of ‚£1.1million. ABI is a leading provider of construction sales and marketing informationservices serving the UK construction sector with sales leads, contact data, CRMsoftware and marketing intelligence aimed primarily at construction contractorsand material suppliers. Established for over 60 years, ABI enjoys a strongreputation for gathering, processing and providing information on forthcomingconstruction projects and delivering quality subscription services.ABI particularly complements the existing construction and property businesseswithin CMPi and will become part of CMPi's Built Environment division. Thiswill allow ABI and the other businesses in the division to deliver enhancedofferings to professionals throughout the UK construction market.UBM CEO David Levin said"ABI represents an excellent "bolt on" opportunity for UBM, it allows us toconsolidate our chosen markets, it meets our strict financial criteria and assuch is a good fit with our continuing strategy. We continue to look for moreopportunities just like this one."CEO of CMPi, Bernard Gray said"ABI represents a significant opportunity for CMPi to strengthen itsinformation product offering to the construction industry and is complementaryto our existing range of market leading products serving this sector - inparticular the Barbour product range. Increasing demand for project data willcontinue to drive growth in this business. The acquisition should beearnings-enhancing in its first full year."Notes to Editors:CMP Information is the UK-headquartered professional media division of UnitedBusiness Media plc.Operating in the UK and Europe, CMPi provides creative business media solutionsto around 15 industry sectors. Its products, including magazines, exhibitions,conferences, awards, directories and websites, are targeted at businessprofessionals across a range of markets; these include Building & Property,Healthcare, Entertainment, Travel, Agriculture and Print.Amongst its well-established brands are industry leading publications includingBuilding, Pulse, Travel Trade Gazette, Building Design, Property Week, MusicWeek, and Chemist & Druggist. CMPi also has a number of leading directories,compendiums and information services such as the Building Product Compendium,Benns Media, The Knowledge and the Professional Series. It also has a number ofexhibitions recognised as the pre-eminent events in their respective marketsectors. These include CPhI, FIE, The Interiors Event, ACPO, International FireExpo and IFSEC.CMPi's magazines reach over 660,000 readers directly through subscription;newsstand and controlled circulation, while over 330,000 business professionalsand marketers attend its exhibitions each year. CMPi has approximately 1,000employees in the UK and Europe and in 2004, CMPi's revenues totaled ‚£159.3m andits profits were ‚£33.6m.www.abibuildingdata.comFor further information, please contact:Michael Waring United Business Media 020 7921 5031 Colin Browne The Maitland Consultancy 020 7379 5151 Notes to Editors:United Business Media plc (http://www.unitedbusinessmedia.com) is aleadingprovider of business information services to the technology, healthcare, media,automotive, financial services and property industries. UBM offers services innews distribution, publishing and events to customers across the globe. Itsbrands include PR Newswire, the world's leading corporate news distributionservice and CMP, the B2B media and exhibition group operating in high tech,healthcare, property, entertainment, jewellery & fashion in the US, UK, Asiaand Europe.This press release includes statements which are not historical facts and areconsidered "forward-looking" within the meaning of Section 27 of the SecuritiesAct of 1933, as amended. These forward-looking statements reflect UBM's currentviews about future events, business and growth strategy and financialperformance. These forward-looking statements are identified by their use ofterms and phrases such as "believe," "expect," "plan," "anticipate," "ontarget" and similar expressions identifying forward-looking statements.Investors should not rely on forward-looking statements because they aresubject to a variety of risks, uncertainties and other factors that could causeactual results to differ materially from UBM's expectations. UBM expressly doesnot undertake any duty to update forward-looking statements. Management doesnot attempt to update forecasts unless conditions materially change.ENDUNITED BUSINESS MEDIA PLCRelated Shares:
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