DMG Exhibition Group Ltd acquires Quebec top show producer

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Tuesday 2 November 1999

DMG Exhibition Group, a division of DMGT, has acquired Montreal-based, Groupe Promexpo, Quebec's leading show producer. The consideration was not disclosed, but is less than £5 million. Net assets required were C$0.3 million (£0.1 million).

The purchase is part of DMG Exhibition Group's global acquisition strategy to meet its aim of becoming the world's leading event organiser in its chosen markets, in the next five years.

The purchase includes 12 shows organised by Promexpo including Canada's largest consumer home show, the Montreal National Home Show and other home and tourism shows.

With this acquisition and the recent purchase of Riddell Exhibition Promotions Pty Ltd, Australia's second largest show organiser, DMG Exhibition Group now employs more than 750 people working from 27 offices in 10 countries throughout Europe, North America, Middle East, Asia, South America and Australasia.

Inquiries to:
Mark Alcock, Deputy Managing Director, DMG Exhibition Group Ltd - Tel: 01737 855680
Peter Williams, Finance Director, DMGT - Tel: 0171 938 6631