Two divisions of London's United Business Media make significant acquisitions.London specialized-information publishers have spent almost $95 million in cash this past month in acquisitions. Last issue we reported Incisive Media's $43 million purchase of JupiterMedia Corporation's Search Engine Strategies (NL/NL 8/17/05). Now United Business Media's CMP Information has acquired the Synthetic Organic Chemical Manufacturers Association's Informex, a leading specialty and custom chemicals trade show and exhibition operation, for $24 million cash at closing. United Business Media's CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Media LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control also recently bought Light Reading Inc., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , for $27 million cash at closing. The Jordan, Edmiston Group, New York City, represented SOCMA SOCMA Synthetic Organic Chemical Manufacturers Association in CMP Information's transaction, and the firm represented Light Reading in CMP Media's transaction. Informex CMP Information's acquisition builds upon UBM's existing strong chemicals and pharmaceuticals ingredients operations in Europe and Asia through its CMP Information division. The move makes CMP Information the world leader in chemicals industry events. Light Reading CMP Media's Light Reading acquisition will give the UBM UBM United Business Media Plc (London) UBM Under-Bump Metallization UBM UniCredit Banca Mobiliare S.p.A. (Italy) UBM United Bikers of Maine UBM Unbalanced Magnetron UBM Ultimate Building Machine division a market-leading position in the global telecommunications segment, at a time when it is poised for a new round of growth. Light Reading will become an automomous business unit within CMP. Stephen Saunders, co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Light Reading, remains president and becomes senior vice president of CMP's newly formed Communications Group. United Business Media United Business Media plc provides business information services See Information Systems. to the technology, healthcare, media, automotive, financial services, and property industries. UBM offers services in news distribution, publishing and events to customers worldwide. Its brands include PR Newswire--the world's leading corporate news distribution service--and CMP, the media and exhibition group serving professionals and enthusiasts in the U.S., U.K., Asia, and Europe. www.UntiedBusinessMedia.com |
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