UBM plc acquires Expo CIHAC

12 May 2014 UBM plc acquires Expo CIHAC Mexico's largest construction event, one of the country's top 10 tradeshows UBM plc today announces that it has acquired Expo CIHAC from Centro Impulsor dela Construcción y Habitación A.C. (CIHAC), the Mexican construction industrytrade association. The acquisition is complemented by an agreement with CIHACproviding for its long-term support for Expo CIHAC. Expo CIHAC was launched in 1989 and is now among Mexico's ten largesttradeshows and the largest serving the infrastructure, construction and housingmarkets. Held annually in October, Expo CIHAC exhibitors span the industryincluding construction materials, machinery, equipment, hand and power tools,prefabricated building systems and technologies, financial services, realestate, insulation and piping. Expo CIHAC also hosts around 30 co-locatedconference and technical seminars on topical issues. Last year's 25th editionattracted 30,000 attendees and over 500 exhibitors, and generated revenues ofapproximately £4 million. The Mexican construction industry is seeing significant investment driven bygrowth in the Mexican economy, demand for housing, and governmentinfrastructure funding programmes. The Mexican construction industry is alsoincreasingly looking to adopt sustainable construction practices andtechnologies in use in Europe, Canada and the US. Expo CIHAC is complementaryto a number of UBM shows serving the global Built Environment sector includingNegocios Nos Trilhos, the Concrete Show Brasil (whose Mexican edition launchesthis May) and Ecobuild with an Expo CIHAC / Ecobuild collaboration announcedearlier this year. Return on the acquisition is expected to exceed UBM's costof capital in the first full year of ownership. Expo CIHAC is based in Mexico City. Eleven of the business's existing employeeswill transfer to UBM. Jamie Salazar, Managing Director, UBM Mexico said: "We are delighted to have Expo CIHAC as UBM's first tradeshow acquisition inMexico. Expo CIHAC builds on UBM's established strategy of acquiring strongevents which serve structurally growing markets and communities. We lookforward to welcoming the Expo CIHAC team to UBM, and to continuing our close,positive co-operation with the CIHAC association." - Ends - Contacts MediaPeter Bancroft Director of CommunicationsE-mail [email protected] telephone +44 20 7921 5961 Chris Barrie Citigate Dewe RogersonE-mail [email protected] telephone +44 20 7282 2943Mobile +44 796 872 72 89 Analysts/InvestorsChantal Bradford Investor Relations ManagerEmail [email protected] telephone +44 20 7921 5943 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 www.ubm.com; for UBM corporate news, follow us onTwitter at @UBM_plc and go to http://media.ubm.com/social for more UBM socialmedia options. Forward looking statements This press release contains statements which are not based on current orhistorical fact and which are forward looking in nature. These forward lookingstatements reflect knowledge and information available at the date ofpreparation of this press release and the Company undertakes no obligation toupdate these forward looking statements. Such forward looking statements aresubject to known and unknown risks and uncertainties facing the Groupincluding, without limitation, those risks described in this press release, andother unknown future events and circumstances which can cause results anddevelopments to differ materially from those anticipated. Nothing in this pressrelease should be construed as a profit forecast.