Thomson Reuters
Acquires FC Business Intelligence
TORONTO, Oct. 4, 2019 /PRNewswire/ -- Thomson Reuters
(TSX/NYSE: TRI) today announced that it has acquired FC Business
Intelligence (FCBI), a global business-to-business events
specialist.
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FCBI delivers high-end conferences and exhibitions to diverse
sectors including energy, insurance, pharmaceuticals,
transportation, travel, strategy and technology. Its offerings help
senior business professionals stay at the forefront of change
through insight sharing and networking with peers.
The business will be rebranded Reuters Events and will be
operated as part of the Reuters News division of Thomson
Reuters.
"This acquisition allows us to combine Reuters globally trusted
brand, scale and editorial excellence with FCBI's deep expertise in
highly specialized events for professionals," said Michael Friedenberg, president, Reuters. "As
Reuters Events, they will help us to accelerate our growth and
deliver on our mission to provide trusted intelligence that helps
humans and machines make smart decisions. Moreover, this will
create a new platform for our world-class journalism. I am thrilled
that FCBI is joining Thomson Reuters."
"We're delighted to be joining the Reuters family, hugely
excited by Michael's vision for the future of Reuters Events and
Reuters News and very much looking forward to the journey ahead,"
said Piers Latimer, chief executive
officer, FCBI. "In combination, there is tremendous opportunity to
move into new markets, new geographies and to further enhance the
value we provide to customers."
Reuters, the news and media division of Thomson Reuters, is the
world's largest multimedia news provider. Founded over 168 years
ago, Reuters is committed to the Trust Principles of independence,
integrity and freedom from bias. With unmatched coverage in over 16
languages, and reaching billions of people worldwide every day, it
provides trusted intelligence that powers humans and machines to
make smart decisions. Reuters supplies business, financial,
national and international news to professionals via desktops, the
world's media organizations and directly to consumers at
Reuters.com and via Reuters TV. Follow news about Reuters at
@ReutersPR.
The transaction marks an exit for UK private equity business
LDC. Terms of the transaction were not disclosed.
Thomson Reuters
Thomson Reuters is a leading provider of business information
services. Our products include highly specialized
information-enabled software and tools for legal, tax, accounting
and compliance professionals combined with the world's most global
news service – Reuters. For more information on Thomson Reuters,
visit tr.com and for the latest world
news, reuters.com.
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INVESTORS |
Jamie Austin
VP, Communications
+44(0)20 7542 5289
jamie.austin@tr.com |
Frank J. Golden
Senior Vice President, Investor Relations
+1 646 223 5288
frank.golden@tr.com |