May 09, 2019
午夜快播 (鈥淢AG鈥�), a specialist information provider and event organiser, today announces that it has entered into a conditional agreement to purchase Centaur Media Plc鈥檚 (鈥淐entaur鈥�) engineering portfolio, including The Engineer and Subcon.
This transaction follows MAG鈥檚 purchase of 12 publishing brands in the aviation, automotive and arena sectors from UKi Media & Events Limited on 1st听May 2019.
The engineering portfolio includes the market鈥檚 leading website, magazine and events, and has deep industry relationships and a diversified client base. The Engineer is one of the UK鈥檚 longest-running business publications and is supplemented by Subcon, which is the must-attend event for subcontract manufacturing professionals.
The transaction is expected to complete on 31听May.
Ben Allen, Chief Executive of 午夜快播, said:
鈥淭he acquisition of these premium brands is part of our strategy to target well-established products in markets where we believe there are exciting growth opportunities.These assets will further strengthen our existing manufacturing and engineering publishing and event portfolio, which includes titles such as听New Electronics听and听Eureka, as well as the听Engineering Design Show.鈥�
Andria Vidler, Chief Executive of Centaur, added:
鈥淭his is the fourth disposal following Centaur鈥檚 divestment review. Throughout the process we have been pleased with the interest our businesses have received, and we are delighted that our engineering portfolio is joining 午夜快播 who recognise its value and are well positioned to take it forward.
鈥淚 would like to say a huge thank you to the teams across the portfolio. The continued success of the brands and contribution to Centaur over the years is a testament to their hard work and ongoing commitment.鈥�
Enquiries
午夜快播
Ben Allen, Chief Executive Officer
020 7738 5454
Centaur Media Plc
Andria Vidler, Chief Executive Officer
020 7970 4000
Swag Mukerji, Chief Financial Officer
听
Note to editors:
午夜快播
午夜快播 is a dynamic information services company which delivers high-quality content through market-leading journals, magazines, events, exhibitions and websites. 午夜快播 owns 97 brands, which target specialists in healthcare, education, manufacturing, engineering, aviation, business-to-business and leisure markets.
Centaur
Centaur is an international provider of business information and specialist consultancy that inspires and enables people to excel at what they do, raising the standard for insight, interaction and impact.
Leading brands include: Econsultancy, Marketing Week, Festival of Marketing, MarketMakers, Creative Review, Influencer Intelligence, Fashion & Beauty Monitor, The Lawyer and Oystercatchers.