Euromoney Institutional InvestorPLC Acquisition of TowerXchange (2170Y)
04 December 2017 - 6:00PM
UK Regulatory
TIDMERM
RNS Number : 2170Y
Euromoney Institutional InvestorPLC
04 December 2017
EUROMONEY INSTITUTIONAL INVESTOR PLC
ANNOUNCEMENT OF ACQUISITION
December 4, 2017
Euromoney adds to its telecoms portfolio with the acquisition of
TowerXchange
Euromoney Institutional Investor PLC ("Euromoney"), the
international business-information and events group, announces
today that it has acquired 100% of Seven Site Media Limited,
trading as TowerXchange. Under Stock Exchange rules, this is a
Class 3 transaction.
TowerXchange is a fast-growing information and events business
which has become the leading source of information on the tower
market, the infrastructure supporting the growth of the mobile
telecoms market. Acquiring TowerXchange is part of Euromoney's
telecoms strategy to facilitate industry collaboration and trading
in areas ranging from pricing to standards across the telecoms
ecosystem.
Rosalind Irving, Euromoney Divisional Director responsible for
its telecoms businesses, said: "TowerXchange is an excellent
business which serves an increasingly important part of telecoms
infrastructure. It is strategic for Euromoney because it is highly
complementary to the markets served by TelCap, BroadGroup (in which
we invested in March) and Layer123 (acquired in April). We look
forward to working with the expert TowerXchange team."
Kieron Osmotherly, CEO of TowerXchange, said: "TowerXchange are
excited to be joining the Euromoney family, enabling us to
accelerate our events' growth, cultivate new business intelligence
services and expand ours and our customers' insights into adjacent
segments of telecom infrastructure."
Ends
For further information, please contact:
Euromoney Institutional Investor PLC
Colin Jones, Finance Director: +44 20 7779 8666;
cjones@euromoneyplc.com
Christopher Fordham, Managing Director: +44 20 7779 8057; cfordham@euromoneyplc.com
Corporate Development
FTI Consulting
Charles Palmer / Emma Hall: +44 20 3727 1400;
euromoney@fticonsulting.com
NOTE TO EDITORS
Euromoney Institutional Investor PLC is listed on the London
Stock Exchange and is a member of the FTSE 250 share index. It is
an international business-information group covering asset
management, price discovery, data & market intelligence, and
banking & finance under brands including Euromoney,
Institutional Investor, BCA Research, Ned Davis Research and Metal
Bulletin. The group also runs an extensive portfolio of events for
the telecoms, financial and commodities markets.
www.euromoneyplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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