3rd Jun 2015 07:00
UBM PLC - UBM acquires HospitalarUBM PLC - UBM acquires Hospitalar
PR Newswire
London, June 2
3 June 2015 UBM buys Hospitalar, Latin America's largest healthcare trade show UBM plc (LSE: UBM-LN) today announces the acquisition of Hospitalar, LatinAmerica's largest healthcare tradeshow, from SPFC Group. Hospitalar is one of Brazil's top five tradeshows, featuring 1,250 Brazilianand international exhibitors and attracting approximately 95,000 attendees.Hospitalar 2015, the 22nd edition of the International Fair of Products,Equipment, Services and Technology for Hospitals, Laboratories, Pharmacies,Health Clinics and Medical Offices took place in the Expo Center Norte in SãoPaulo from 19 to 22 May. The event serves the large Brazilian healthcareindustry where growth is set to continue through the expansion of privatehealthcare for a growing, more affluent middle class. It generated revenue ofapproximately R$32m (£6.6m). Hospitalar joins UBM's portfolio of events in Brazil which includes MarintecSouth America, Food Ingredients South America, Concrete Show South America, NTExpo and Intermodal South America. The acquisition will make UBM the thirdlargest events organiser in Brazil. Following completion, Hospitalar's staff will move over to UBM Brazil and thefounders of the show will remain involved in a non-executive capacity for atleast two years. The return on investment from the transaction is expected to exceed UBM'sweighted average cost of capital in the first full year of its ownership. Tim Cobbold, CEO of UBM plc, said: "We are delighted to have acquired Hospitalar. It is a "must-attend" show withan increasingly international customer base and will further strengthen ourposition in Brazil. It also fits very neatly with the wider UBM portfolio andwe are excited about the opportunity to leverage UBM's strong position in theMedical Device and Manufacturing sector. We are already planning to co-locatea MD&M show alongside Hospitalar 2016." Francisco Santos, Chairman of SPFC, said: "We are delighted that Hospitalar is joining UBM Brazil. The show has growninto a huge success over the last two decades and its future prospects arestrong. It is a world-leading event and will fit well within the impressive UBMportfolio." - Ends - Contacts UBM plc Kate Postans Head of Investor [email protected] +44 207 921 5023 Peter Bancroft Director of [email protected] +44 207 921 5961 Brunswick Jon Coles, Andy Rivett-Carnac, Craig [email protected] +44 207 404 5959 Notes to Editors 1. About UBM plc UBM plc is a leading global events-led marketing services and communicationscompany. We help businesses do business, bringing the world's buyers andsellers together at events, online and in print. Our 5,000 staff in more than20 countries are organised into specialist teams which serve commercial andprofessional communities, helping them to do business and their markets to workeffectively and efficiently. For more information, go to http://www.ubm.com/; follow us on Twitter at@UBM_plc to get the latest UBM corporate news; follow @UBMNews for news fromall UBM's businesses; follow @UBM for a flavour of UBM from selected members ofUBM's Twitterati. 2. SPFC Group SPFC is one of the largest tradeshow organisers in Brazil. It is majority-ownedby husband and wife Francisco and Waleska Santos and their two sons.
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