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Commonwealth bus. media buys aviation industry assets.

Closely following its purchase of OAG, Commonwealth Business Media (CBM; East Windsor, NJ), a division of United Business Media (London), has acquired the Aviation Industry Group Ltd. (AIG; London) for an initial cash offering of 6 million [pounds sterling], with a further consideration of up to 1 million [pounds sterling] payable depending on certain conditions being met.

AIG organizes 21 annual exhibitions and conferences for the aviation industry, and produces three print titles and associated online properties. The exhibitions are held in the U.K., with the conferences taking place across the U.S., Middle East, Asia Pacific and Europe. Approximately 60% of AIG's 3 million [pounds sterling] total revenues are generated from trade shows and conferences.

The three print titles include: "Aircraft Technology, Engineering & Maintenance," a bimonthly magazine serving the global manufacturing and MRO sectors of commercial aviation; "Airline Fleet & Network Management," a bimonthly magazine for global senior management involved in aircraft procurement, fleet management and network planning that covers the selection, finance, operation and maintenance of airline fleets; and, "The Engine Yearbook," an annual reference for aviation maintenance, engineering and mechanics.

CBM said the deal extends its geographical reach and enhances it product portfolio for the aviation industry, including BACK Aviation Solutions and OAG (London), a provider of passenger and cargo information to the global aviation industry. CBM purchased OAG for $4.9 million in cash in December.
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Publication:Business Publisher
Date:Jan 17, 2007
Words:230
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