Ecobuild sold for £51m
Published: 12 August, 2011
LONDON: Media group UBM has acquired Ecobuild – one of the world's biggest exhibitions for sustainable design, construction and the built environment – for up to £51m.
Ecobuild's owner, International Business Events will receive an initial £31m for the exhibition, along with a £20m payment over the next 12 months.
The Ecobuild team - including managing director, David Wood, event director Moira Edwards, and sales director, Michael Costain - will continue to manage the event when it transfers to UBM's offices this month. Michael Costain will become event director for Ecobuild 2013.
UBM Built Environment chief executive officer, Adrian Barrick, said: "I am delighted that we are joining forces with Ecobuild. It is a fantastic event, and just what both the industry and government needs in order to drive forward the sustainable construction agenda.
"There is a natural fit between Ecobuild and UBM. I can't wait for March 2012."
This year's show at London's Excel Centre attracted 55 000 visitors and generated revenues of £9.4m.
Ecobuild 2012 will take place from March 20-22. Over 1500 exhibitors and more than 60 000 visitors are expected to attend, with the event's footprint continuing to grow by an anticipated 25% to occupy 80 000m2.
UBM said it hopes to take Ecobuild to new markets, starting with the launch of Ecobuild China in March 2012.