London (PRWEB) September 11, 2012
Top Right Group today announced the company has reached agreement to acquire the CWIEME exhibitions in Germany, China, India and USA and the Inductica Conferences. The acquisition will enable i2i Events Group to quickly expand the global reach of its portfolio of events, move into a new industry sector and new international markets. Commercial terms of the agreement were not disclosed.
Duncan Painter, CEO Top Right Group, said: CWIEME is a large, respected global portfolio of events serving a growing $50bn market. With buyers concentrated in the worldwide automotive, energy and consumer electronics sectors these events will be great additions to the i2i Event portfolio. This acquisition underlines Top Right Group's strategy to act as a catalyst to support growth of our standalone operating companies, particularly internationally.
Mark Shashoua, Chief Executive of i2i Events Group added: This acquisition marks the beginning of an exciting period of international development at i2i Events. With technology constantly developing, this market is projected to show strong growth in the short to medium term. Over the past 16 years, CWIEME has grown into the most successful exhibitions and conferences in their sector and we are delighted to welcome them to the i2i portfolio of global events.
Notes to Editors:
CWIEME was privately owned and run by Timothy and Joanne House. Timothy has been at the centre of the coil winding market for over 40 years and launched CWIEME Berlin as an annual event in 1996 adding Chicago in 2008, Mumbai in 2009 and Shenzhen in 2012.
CWIEME Berlin has grown rapidly to become the world's largest international exhibition of its type serving the industrial technology niche of components for electric motors and transformers. Coils and magnets are at the heart of every electric motor and almost every electrical appliance has a coil. Electric motors/transformer technology is constantly developing, both to lower price and improve performance and efficiency. Key areas of development are how the coil in a motor is wound, how cables are insulated and laminated and how well magnetic material performs.
More than 700 exhibitors from some 40 countries take part in the annual Berlin event covering over 13,000 net sqm of space. CWIEME Shenzhen was launched in the world's largest manufacturing centre as a joint venture with VNU in 2012. The Indian edition was established in Mumbai in 2009 but moves to Bangalore for 2012 to better target the Indian manufacturing and technology industries and CWIEME Chicago takes place every two years. Each event offers attendees free admission to the high technology educational Inductica Conferences, covering both specialist scientific and commercial applications.
Fair Relations GmBH of Pulheim, Germany, brokered this acquisition and advised the seller.
Top Right Group
Top Right Group, formerly known as Emap International Ltd, aims to transform knowledge businesses to deliver exceptional performance. http://www.topright-group.com
i2i Events Group delivers world-class exhibitions, large scale events and festivals in key sectors including home and gift, fashion, retail, healthcare, energy, environment, education, technology, media and creative. Its portfolio of world-wide events includes World Retail Congress, Spring Fair, Naidex, RWM, BVE, BETT and Pure. i2i Events Group includes theLions Festivals, managing Cannes Lions - the international festival of creativity, Dubai Lynx and Spikes Asia amongst others. i2i prides itself on opening up possibilities for its customers and each year brings more than 250,000 decision makers together to network, source, test, buy and sell brilliant products, services, ideas and solutions. i2i Events Group is headed up by Mark Shashoua who joined EMAP as Group MD of EMAP Connect in November 2011 and became CEO of i2i Events Group in March
2012. i2i Events is powered by Top Right Group.
For further information, please contact:
Top Right Group:
Jane Windsor, on
or Patrick O'Neill on Patrick(dot)O'Neill(at)topright-group(dot)com or 07889998052.
i2i Events Group:
Sonya Gillespie, on