100% ownership of the business adds attractive China International Optoelectronic Expo to UBM’s portfolio of events inChina
UBM plc (LSE: UBM) announced that it has acquired Global Sources Ltd.’s 60.1% interest in eMedia Asia Limited (“eMedia Asia”). Following this transaction, UBM will own 100% of eMedia Asia. The consideration for Global Sources’ 60.1% stake will be approximately USD $9.0m in cash, subject to adjustments for cash and working capital.
eMedia Asia is the majority owner of the annual China International Optoelectronic Expo (CIOE). Optoelectronics concerns the application of electronic devices that source, detect and control light, including gamma rays, X-rays, ultraviolet and infrared.
The business also owns a number of business-to-business media assets serving the electronics industry in Asia. These assets complement UBM’s existing electronics businesses and give UBM a global offering for the world’s electronics community.
About eMedia Asia
eMedia Asia provides 500,000-plus technology decision-makers throughout Asia and China with access to a multichannel media network. Through its technical events, publications and online network, eMedia Asia leads in providing the region’s electronics community with the business and technical information they need to remain competitive.