Emap Communications, Emap’s B2B division, has acquired AGOR SAS (AGOR), a market leading independent exhibition business serving the domestic French retail sector.
It will pay £21.2 million for AGOR, which operates in the volume, gifts and clearance goods markets. Emap says that the French focus of the AGOR business will complement Emap Communications existing positions in the UK and Germany.
AGOR’s two key shows, Distrirama and Stockorama, are fast-growing exhibitions specialising in gifts, textiles, household goods and toys for the French-speaking volume market. They attract a total of about 26,000 visitors each year and are held in January, May and September.
Derek Carter, chief executive of Emap Communications said: “This acquisition is fully in line with our strategy of growth through bolt-on acquisitions. The business is highly cash generative and will be earnings-enhancing from year one, giving us a good return on capital.”
