Inside Self-Storage Parent Company VIRGO Acquired by Informa PLC – Inside Self
July 30, 2014 - storage organizer
Inside Self-Storage primogenitor association VIRGO, an information-distribution association focused on business-to-business markets, has been acquired by tellurian information provider Informa PLC, theme to receipt of U.S. antitrust clearance, and will be partial of Informa’s Global Exhibitions Group. Financial sum of a transaction have not been disclosed, though a merger is approaching to raise organisation gain in a initial full year post acquisition.
The squeeze will yield a Global Exhibitions Group with a identical height for enlargement of a muster activities in a United States. Until now, Informa’s U.S. activity has been primarily focused on conferences and learning.
VIRGO has a portfolio of 6 vital tradeshows and conferences, including a Inside Self-Storage World Expo, designed for a self-storage industry, and SupplySide West, a heading U.S. tradeshow in a health and nourishment market. SupplySide will element Vitafoods, Informa’s heading muster code within a health and nourishment zone in Asia, Europe and Latin America.
The companies design there will be some appealing synergies by bringing their health and nourishment resources into a same portfolio and formulating a tellurian code proposition, according to a press release.
“We continue to enhance organically and by acquisition. Today’s proclamation of a squeeze of a U.S. muster business complements a existent position in a health and nourishment marketplace zone by Vitafoods, formulating a strong, tellurian code tender in this appealing vertical,” pronounced Stephen A. Carter, Informa’s organisation arch executive, in a recover summarizing a company’s half-year formula for a 6 months finished Jun 30. “It also provides us with an determined bottom on that to build a participation in a critical U.S. exhibitions sector. The clever opening of a Global Exhibitions business in a initial half serve confirms a expansion intensity of this market.”
“The event to align VIRGO’s events, Web and media programming within a Informa business offers an implausible volume of scale to all a association has accomplished. At a same time, a ability to push VIRGO’s position and infrastructure in a United States to move Informa’s tellurian exhibitions to a U.S. will be a game-changer in a market,” pronounced VIRGO CEO John Siefert.
Founded in 1986 and formed in Phoenix, VIRGO produces 6 tradeshows and conferences, publishes 9 inhabitant trade websites with 6 associate magazines, offers online training and accreditation programs, and operates 3 branded online stores that offer paid content. The association leverages a events, publications, digital and other media to yield integrated solutions for professionals in industries including self-storage, healthcare, healthy products and telecommunications.
Headquartered in London, Informa creates and delivers specialized information by publishing, events, training, marketplace comprehension and expertise, providing believe to individuals, businesses and organizations worldwide. With some-more than 6,000 employees in some-more than 100 offices in 25 countries, a association has 3 divisions: Academic Publishing, that produces books and journals with some-more than 55,000 titles; Business Intelligence, that offers structured databases, subscription-based services, real-time news, investigate and business-critical information; and Global Events, a world’s largest publicly owned organizer of exhibitions and training.