UBM Gets Go Ahead For Hospitality Acquisitions

United Business Media (UBM) has been given the go ahead to purchase Mondiale Publishing’s hospitality business by the Office of Fair Trading.

The deal, worth £5 million, will see UBM take control of Theme magazine and the Bar exhibition.

First announced in June (see UBM Boosts Portfolio With Hospitality Title), the purchases will add to UBM’s current hospitality title, The Publican, which was acquired in February. The new additions are expected to enhance the company’s earnings within twelve months.

Commenting at the announcement of the acquisition, David Levin, chief executive officer of UBM, said: “These assets represent another good “bolt on” opportunity for UBM, allowing us to further consolidate our chosen markets. The transactions meet our strict financial criteria and move forward the implementation of our continuing strategy.”

UBM: 020 7921 5000: www.unitedbusinessmedia.com