Informa acquires Yachting Promotions Inc.
Informa, the International Exhibitions, Events, Business Intelligence and Academic Publishing Group, has announced the agreed acquisition of Yachting Promotions Inc., the operator of some of the largest yachting and boat shows in the US, for £106m.
The addition of YPI from Active Interest Media, the privately-owned specialist US media group, will combine several major US-based international yachting exhibitions with Informa’s Monaco Yacht Show, the leading event of its kind in Europe. The YPI portfolio includes the Fort Lauderdale International Boat Show, the largest in the world.
“Following three years of private discussions, we are delighted to bring YPI into the Group. It will deepen our leadership in the growing international yachting and boating sector, with its attractive exhibitions complementing our existing ownership of the Monaco Yacht Show.
“It follows the addition last year of Penton Information Services in the US, increasing our scale in the world’s leading economy and making our Global Exhibitions Division the largest business by revenue and profit at Informa. This forms part of our 2014-17 Growth Acceleration Plan, adding further Balance and Breadth across the Group portfolio.”
Stephen A. Carter, Informa Group Chief Executive
“I am confident that Informa will be a great owner of these powerful US shows. We’ve long admired the Monaco Yacht Show, and through our discussions over the last three years, we can see that the combination represents a very attractive outcome for both sets of exhibition brands and the growing international yachting community.”
Efrem ‘Skip’ Zimbalist III, Chairman of Active Interest Media
On completion, the addition of YPI will make Informa’s Global Exhibitions Division the largest contributor to Group revenues and profit, with annual sales of more than £500m. The Division operates a portfolio of about 200 major Exhibition Brands.
YPI is the leading US-based Exhibitions business in the growing International Yachting industry, with five major Exhibition Brands: Fort Lauderdale International Boat Show, Yachts Miami Beach, Palm Beach International Boat Show, Suncoast Boat Show and the St Petersburg Power and Sailboat Show.