We see the opportunity to expand the business both locally and internationally.
Portland, Maine (PRWEB) October 18, 2014
Diversified Communications today announced the acquisition of media company HRM Asia of Singapore, its fifth international acquisition of 2014. The acquisition establishes an operating division in Singapore and adds HR Summit, Asia’s largest human resources event, as well as the HRM Congress series, HRM Magazine and HRM Online to Diversified’s portfolio of over 175 events, eMedia products and print magazines.
“We are acquiring HRM Asia because it fits well with our model of working across a variety of touch points within a community,” commented Matt Pearce, Diversified’s International Director. “We see the opportunity to expand the business both locally and internationally.”
This move brings Diversified’s global presence to eight countries. Besides Singapore, Diversified has operating divisions in the US, Australia, Canada, Hong Kong, India, Thailand and the U.K. The 27 employees of HRM Asia will join Diversified’s global staff of 850 people and will continue to be led by HRM Asia’s General Manager Kaveri Ayahsamy.
“This acquisition continues Diversified's growth strategy to further expand both globally and into new industries,” commented President and CEO Ted Wirth. “Earlier this year, Diversified acquired Expo Management in the UK and Kavin Intertrade in Thailand.”
Diversified Communications is a leading international media company providing market access, education and information through global, national and regional face-to-face events, eMedia, publications and television stations. Diversified serves a number of industries including: accounting and finance, business management, healthcare, transportation, natural and organic, seafood, food service, and commercial marine. For more information, visit: http://www.divcom.com
One of Asia-Pacific's leading media companies, HRM Asia provides specialty publications, websites, events and business conferences focused on the needs of HR professionals, senior executives and business leaders. For more information, visit: http://www.hrmasia.com