Exhibition World Issue 2 — 2019 - Page 23

Asia ‘ Rapid News and JTB Communication Design in 10-year Japan deal Reed Exhibitions acquires India BIG7 team’s continuous drive to innovate and keep the event on-trend. By joining forces, we can increase customer value and help accelerate the transformation of the industries which urgently need investment, innovation and new eed Exhibitions has technologies.” announced the acquisition Sachdev, MD, Introduction Trade of India BIG7. Launched in Shows, said: “India BIG7 will attain 1993, the annual, Mumbai- phenomenal growth and enrich its based event is India’s largest trade event global presence with the world-class for gifts, stationery, writing instruments, management and operational excellence office supplies, gadgets, houseware and of Reed Exhibitions.” home décor. BIG7 joins a growing portfolio of Gregory Zaraisky, CEO, Reed Reed Exhibitions gift shows in Germany, Exhibitions, India, said: “Having known Japan, Australia and China. The next Jivesh Sachdev and his flagship event edition of India BIG7, held in the Bombay India BIG7 for more than two years, Exhibition Centre, will take place 21–24 we have been very impressed by the August 2019. n the back of the debut edition of 3D print, design and engineering show TCT Japan in Tokyo earlier this year, the owners of The TCT Group, Rapid News Publications (Rapid News) and JTB Communication Design (JCD), have announced a 10-year deal to jointly develop the event. Duncan Wood, Chief Executive of Rapid News Publications, commented: “The debut Right: edition of TCT Japan is a great platform for BIG news in us. Many commentators suggest that Japan India is behind the curve in adopting additive technologies and this long-term deal will enable us to invest in creating a world-class event that really does have an impact on adoption levels and ultimately on the market size in Japan.” Takahiro Matsui, Director, JTB GL events takes controlling stake in China’s CIEC Union Communication Design. added: “Our co- Keqiao, mostly in the building materials, decorations and interior design sector. CIEC Union, which has 100 employees, is expected to generate €40m in revenue in 2019 with an operating margin of more than 35%. operation with Rapid News for TCT Japan’s ntegrated event industry first edition was a huge success. We attracted group GL events has taken with CIEC, existing exhibitions in new a record 100 exhibitors from eight countries/ a controlling stake in Chinese cities and regions. regions to the 4,734sqm show floor and CIEC (China International welcomed over 43,500 visitors to the group of shows. “This long-term deal demonstrates that we believe we can bring global trend across AM Exhibition Center Group) Union. The deal is subject to MOFCOM1 approval and is for 55% of CIEC Union. CIEC is a subsidiary of CCPIT2, which and 3D printing into the Japanese market. will retain 39% of the company’s shares We promise that TCT Japan will deliver while managers will continue to hold 6%. innovation to across all industries and sectors.” w w w.exhibitionworld.co.uk CIEC Union operates six major exhibitions in Shanghai, Beijing and GL events says it will look to develop, In addition, GL events’ Live Shenzen (ZZX), acquired in January 2019, will be able to develop synergies by offering event engineering services to exhibitors, exhibition centres and organisers of tradefairs and events. The acquisition will mean GL events’ three businesses will all be deployed in China. Issue 2 2019 23