New York (PRWEB) February 25, 2010
Royal Media Group, a leading information company, announced that it has acquired Air Cargo Management Group of Seattle.
ACMG (http://www.cargofacts.com) is the nation's leading information provider to the air cargo, express and freighter aircraft industry. Terms of the transaction were not disclosed. The purchase was facilitated by Whitestone Communications.
ACMG is the first acquisition by Royal Media Group and represents Royal Media's first foray outside the financial services sector.
“This is a great development for Royal Media and we couldn't be happier to bring ACMG into our fold,” said JJ Hornblass, President & CEO of Royal Media Group. “Together we'll make Royal Media Group better.”
ACMG was founded in 1978 by Ned Laird, who will remain an adviser to Royal Media. ACMG has three principle businesses: 1) Cargo Facts and Cargo Facts Update, which are periodicals for the air cargo industry; 2) events, such as the widely attended Cargo Facts Symposium in the fall and the Cargo Facts Workshop April 12-14 in Seattle; and 3) consulting, which centers on technical evaluations of cargo aircraft and strategic consulting to leading aviation enterprises around the world. ACMG counts Boeing, Airbus, World Airways, CAL Airlines of Israel and Evergreen among its advertising clients.
ACMG is headed by Robert Dahl, a well-known industry expert. Mr. Dahl remains on the ACMG team.
“We have great hopes for ACMG,” Mr. Hornblass said. “The air cargo industry is on the rebound globally and we plan to seek out new and exciting ways to serve it and enhance its profitability and future.”
About Royal Media Group
Royal Media Group (RMG) was formed in 1995 to provide specialized information and insights to executives. The company focuses its efforts on print and electronic publishing, market research and live and audio conference production on behalf of our thousands of client-companies in many important industries, such as financial services and accounts-receivable technology. Royal Media Group has won several awards for its work. For more information visit http://www.RoyalMedia.com .
About Air Cargo Management Group
Air Cargo Management Group (ACMG) offers aviation consulting and airfreight market research services relating to freighter aircraft usage and airfreight and express market strategy changes. ACMG produces Cargo Facts, "newsletter of record" for the air freight and express industry, as well as an e-newsletter and several industry conferences. For more information visit http://www.CargoFacts.com.
Royal Media Group