VNU Acquires Interest in European Trade Show Company.VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User (Amsterdam) has signed an agreement with Jaarbeurs B.V. (Utrecht, The Neth.) to acquire a 50% interest in its wholly-owned subsidiary Jaarbeurs Exhibitions and Media (JEM), effective Jan. 1, 2002. No terms were given. One of three operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Jaarbeurs, JEM organizes more than 100 trade shows and has about 150 employees. JEM's recent strategy has been to expand its services in foreign markets and to integrate the Internet and trade magazines into the trade show process. Earlier this year, JEM acquired a 50% interest in trade show company Shanghai Keylong Exhibitions Services Co. (Shanghai). JEM consists of four units: Agro Industry, Construction Industry and ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. , Non Food Retail, and Retail Food, Personal and Medical Care. Its main trade shows include "VIV VIV Vortex Induced Vibration VIV Variable Inlet Vane VIV Verbal Information Verification " (livestock), "Internationale Bouwbeurs" (construction) and "Techni-Show." The company reported estimated 2001 revenues of approximately EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 63 million. VNU said that an expanded JEM will become a platform for its business group VNU Business Media Europe. VNU is one of the world's largest trade show producers. Last year it acquired Miller Freeman's stable of shows and earlier this year VNU purchased technology exhibition companies Imark Communications (UK) and BIAS (Italy). |
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