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INFORMA TO ACQUIRE PENTON
Sep. 21, 2016
Informa reports:
Stephen A. Carter, Group Chief Executive, said:
"Today we are announcing continued progress on our Growth Acceleration Plan with the proposed addition of Penton Information Services. This combination will further strengthen our capabilities in Global Exhibitions and Business Intelligence and extend our US presence."
He added:
"Following extensive and exclusive talks with Penton's owners and management, today's announcement signals the next step in GAP, underlining our commitment to accelerated growth and international scale whilst delivering attractive returns for our shareholders."
He concluded:
"The opportunity created through the combination of Informa and Penton balances our portfolio and increases our scale and reach, further improving the predictability and sustainability of our growth performance and cash generation."
To view the complete report, click here.
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