Tarsus Group PLC Expansion of Mexican Joint Venture (4292Q)
12 September 2017 - 4:00PM
UK Regulatory
TIDMTRS
RNS Number : 4292Q
Tarsus Group PLC
12 September 2017
12 September 2017
Tarsus Group plc
("Tarsus" or "the Group")
Expansion of Mexican Joint Venture
Tarsus Group plc (LSE:TRS), the international
business-to-business media group, announces that it has agreed
terms with E.J. Krause & Associates, Inc. ("EJK") to expand its
50% owned joint venture (the "JV") in Mexico, resulting in the JV
now owning all EJK Mexico's event portfolio.
The JV was established in 2013, initially holding two leading
events in Mexico: Plastimagen (plastics industry) and Expo
Manufactura (metalworking/ manufacturing). These events have
delivered strong growth since the formation of the JV, Expo
Manufactura achieved a record performance in February 2017 and
bookings for Plastimagen (November 2017) are ahead of its previous
edition.
This latest agreement sees the JV acquire nine further events in
Mexico from EJK. These new events include industry leading brands
such as Mexico Wind Power (energy), Green Expo (environmental
energy and waste), EBIO (beauty and cosmetics), Intertraffic
(traffic and road infrastructure) and Expo Produccion (textiles).
This transaction will result in the JV being the largest
international exhibition company in Mexico, a relatively fragmented
but high growth emerging market, with both domestic and
international growth angles. The JV also provides a platform for
Tarsus to continue to launch new replications, drawing on Tarsus'
existing major brands, which has already seen the successful launch
of GESS (launched 2015) and Airport Solutions (2017) into
Mexico.
EJK has been one of the major international organizers in Mexico
for the past 25 years and is also one of the largest privately held
exhibition companies in the world. Headquartered in the US, EJK
creates globally recognized brand leading events. EJK has a growing
portfolio of over 40 events in 14 different industries.
Douglas Emslie, Tarsus Group Managing Director, said:
"Mexico remains a large and fast-growing market. This agreement
enables Tarsus to acquire a 50% stake in the remaining EJ Krause
portfolio in Mexico - building on our successful relationship over
the last four years.
"I am excited to grow this leading Mexican event portfolio and
we will continue to launch collaborative replications of Tarsus'
brands in Mexico, following the successful replications to
date."
For further information:
Tarsus Group plc:
Douglas Emslie, Group Managing
Director +44 (0)20 8846 2700
Dan O'Brien, Group Finance Director
Neville Harris, Investor Relations +44 (0)7909 976044
Notes to editors
Tarsus Group plc. (LSE:TRS) is an international
business-to-business media group with interests in exhibitions,
publishing and online media. The Group operates globally in the US
and Americas, China, Southeast Asia, the Middle East and North
Africa, Turkey and Europe, in key verticals including aviation,
medical, labels and packaging, discount clothing (Off-Price),
travel, housewares and automotive.
Tarsus runs more than 100 events and websites and its flagship
brands include the Labelexpo Global Series in Europe, the Americas
and Asia and the Dubai Airshow.
The Group operates across a worldwide network of offices in
Dublin, London, Jakarta, Milwaukee, Atlanta, Boca Raton (Florida),
Dubai, Shanghai and Istanbul.
For more information visit www.tarsus.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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