Acquisition of Home Shows by dmg world media

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Monday 15 May 2000

dmg world media, a division of DMGT, has announced the acquisition of the home show division of Expositions, Inc. in Long Island, NY for an undisclosed sum which was less than £5 million. Net assets acquired were negligible.

Expositions, Inc. has produced 2 home shows annually for the last twenty-one years: The Spring Long Island Home Improvement & Remodeling Expo and the Fall Long Island Home Improvement & Remodeling Expo.

"Adding Expositions Inc.'s home shows to our portfolio both supports and reflects our global strategy. This acquisition provides us with an opportunity to enter into Greater New York, one of the most important US markets, where we currently do not have a presence. We have the ability to continue to grow the Long Island shows, and to further enhance our benefit packages for our National sponsors," said Kent R. Allen President of dmg world media Home Interest.

With this acquisition, dmg world media Home Interest, now produces 74 consumer home shows worldwide, with 16 in Canada, 43 in the US, 5 in the UK, 5 in New Zealand, and 5 in Australia.

Inquiries to:
Lisa Bogart, dmg world media: 001 4167 385 2008
Peter Williams, Finance Director, DMGT: 020 7938 6631