2008 News Releases
26 February
United Business Media acquires AeroStrategy data business
Commonwealth Business Media expands its aviation and aerospace market capabilities
United Business Media plc today announces that it has acquired AeroStrategy’s aviation data business on behalf of its Commonwealth Business Media division. UBM has acquired the business from its founders for an initial cash consideration of US$0.9m, with a further performance-related consideration of up to US$1.2m payable over the next three years.
AeroStrategy operates consultancy and data businesses in the aviation maintenance, repair and overhaul (MRO) and original equipment manufacturer (OEM) sectors and is highly regarded for its strategic and market insight into the aviation sector. Its unique proprietary databases provide critical information on actual and projected MRO spend to key decision-makers in the business and general aviation, air transport and civil helicopter sectors.
The data business will be integrated into Commonwealth Business Media’s OAGback business, adding a powerful data product to complement its MRO events and other product offerings acquired through the acquisition of Aviation Industry Group in 2006.Alan Glass, Chief Executive of Commonwealth Business Media, said:
“This acquisition provides Commonwealth with a unique proprietary IP platform on which we can develop new data products to further enhance our subscription-based, analytical product portfolio for our aviation industry customers. It also enables us to extend our aviation products into business aviation and helicopters.”
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Contacts
| Media | |
| Peter Bancroft | Director of Communications |
| communications@ubmgroup.biz | |
| Direct telephone | +44 20 7921 5961 |
| Chris Barrie | Citigate Dewe Rogerson |
| chris.barrie@citigatedr.co.uk | |
| Direct telephone | +44 20 7282 2943 |
| Mobile | +44 796 872 72 89 |
| Analysts/Investors | |
| investorrelations@ubmgroup.biz | |
| Direct telephone | +44 20 7921 5095 |
| Nigel Wilson | +44 20 7921 5019 |
| Andrew Crow | +44 20 7921 5940 |
Notes to Editors
1. About United Business Media plc
United Business Media plc is a leading global business media
company. We inform markets and bring the world’s buyers and
sellers together at events, online, in print, and with the
information they need to do business successfully. We focus on
serving professional commercial communities, from doctors to game
developers, from journalists to jewellery traders, from farmers to
pharmacists around the world. Our 5,000 staff in more than 30
countries are organised into specialist teams that serve these
communities, helping them to do business and their markets to work
effectively and efficiently.
For more information, go to www.unitedbusinessmedia.com.
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