Home / Knowledge / News / Textiles / CIOE acquisition strengthens UBM events portfolio

CIOE acquisition strengthens UBM events portfolio

28
Aug '09
United Business Media Limited announces it has acquired a 70% interest in the China International Optoelectronic Expo (CIOE) from Business Media China AG, on behalf of UBM Asia (www.ubmasia.com) for a total cash consideration of US$5m.

CIOE is the world's largest optoelectronics event. Established in 1999, it is held annually in Shenzhen, the centre of China's optoelectronics industry. The show covers all aspects of the market, including laser and infrared applications, precision optics, optical communications and LEDs. This year's event will be held from 6th to 9th September and is expected to host over 2,000 exhibitors.

UBM Asia launched its first dedicated optoelectronics event in 2006 and the acquisition of CIOE further advances its presence in this market. Optoelectronics remains a significant focus for China's national economic plan, which provides strong support for research and development in the industry.

In 2008, CIOE generated revenue of US$3.2m. The acquisition is anticipated to exceed UBM's 8% post-tax cost of capital criterion in its first full year of ownership.

Jime Essink, President & Chief Executive Officer of UBM Asia said:

"We are very pleased to have acquired a majority stake in the China International Optoelectronic Expo. The acquisition continues our strategy of focusing on sectors and markets with the most exciting growth potential. Since its launch in 1999, CIOE has become the world's leading event for advanced optoelectronic technologies and innovations. CIOE's local management team has done an excellent job to date and we look forward to working with them to further develop this leading show for the global optoelectronics industry."

United Business Media Limited


Must ReadView All

Pic: Better Work

Apparel/Garments | On 24th Oct 2020

Positive change in Cambodian garment sector due to ILO BWP

Cambodian factories receiving the full package of services by Better...

Pic: Awaj Foundation

Apparel/Garments | On 24th Oct 2020

COVID erodes income of a third of Bangla apparel workers

Nearly a third of Bangladeshi garment workers suffered loss of...

Pic: Ralph Lauren

Fashion | On 24th Oct 2020

Ralph Lauren, Parity.org convene group to close gender gap

Ralph Lauren, which designs and markets premium lifestyle products,...

Interviews View All

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Textile Industry, Head honchos

Textile Industry
Head honchos

Cooperate and collaborate for greater good

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search