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
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