THE PLACE TO MEET IN SCANDINAVIAStockholm International Fairs is the leading organizer of fairs and meetings in the Baltic Sea Region. We manage 60 industry-leading exhibitions as well as around 100 national and international congresses, conferences and events annually. Every year we welcome 10,000 exhibitors, 1.5 million visitors and more than 8,000 journalists from all over the world. Welcome to Stockholm International Fairs! www.stockholmsmassan.seCREATING PERFECT MEETINGS
Exhibition World | Newsthe Global Petroleum Show,held in Calgary last June. Business for DMG elsewherewas mixed, with the group'sunderlying operating profit risingUK- The Daily Mail and GeneralTrust's (DMG) events divisionhas experienced a decline inrevenue of 37 per cent to£110m (US$172m), due in largepart to its recent divestment ofbusinesses. The company's profits alsodropped by 19 per cent to£30m in the year to 3 October2010, attributed by DMG to thelate-cycle nature of exhibitionsand the absence of results fromtwo of its three major biennialevents, Gastech and Adipec,which had a strong year in2010. DMG's sole largeinternational biennial event wasRUSSIA - Emerging marketsspecialist ITE Group hasacquired international exhibitioncompany MVK from a group ofprivate shareholders.The total consideration is for?33m (US$44m), payable incash on completion and fundedfrom existing cash resourcesand agreed loans. Moscowbased-MVK owns 20 exhibitionsand manages annual volumesales of more than 55,000sqm.The company's largest annualexhibitions serve the furniture,packaging, pumps andmeasurement industries, whiletwo biennial events serve printingand woodworking industries.MVK had acquired gross assetsof $5.08m at the time of the dealbeing signed, and reported pre-CHINA - A Chinese court hasfound in favour of UnitedBusiness Media (UBM) in acase of unfair competitionpractice involving a localcompetitor to its GDC Chinagaming tradeshow.The Shanghai Lu Wan DistrictPeople's Law Court ruled in favourof UBM following the company'sclaims that defendants PublishersAssociation of China GamePublication Committee (CGPA), andBeijing Howell International TradeFair (Howell), had engaged in unfaircompetitive practice. The ruling is the first courtjudgment pertaining to thislawsuit in China. The court's decision saw bothWORLD- Reed Exhibitionschairman Mike Rusbridge hastold EW's US partner publicationTrade Show Executive (TSE)thatthere is "no substance" to claimsof a possible sale of its £1bn(US$1.53bn) exhibitions division.Dismissing the discussions thatallegedly took place betweenCinven and Emap owner Apax,Rusbridge described Britishreports as "rumour" that hadquickly faded away.The Daily Telegraphwas oneof several publications thatclaimed Reed was in talksabout selling Reed Exhibitions,the largest tradeshow organiserin the world with 440 events in36 nations.Despite struggling in therecession, Rusbridge told TSEthat Reed planned to launch 80exhibitions around the worldover the next two years.According to one senior analyst,a break-up bid for the wholegroup would be worthsignificantly more than the group'scurrent market value of £6.5bn($8.5bn).Apax acquired exhibitionorganiser Emap from GuardianMedia Group for almost £1.3bnin 2007.Rusbridgedismisses ReedExhibitions sale ITE expands Russian presence withUS$44m MVK acquisitionTHE MAGAZINE FOR THE GLOBAL EXHIBITION COMMUNITY WWW.EXHIBITION-WORLD.NET|January 2011|5UBM wins unfair competition case in ChinaMike RusbridgeDMG Events divestment leads to37% revenue declineCGPA and Howell penalised forviolating "People's Republic ofChina Anti-unfair CompetitionLaw" in its approach tocompeting with UBM's GDCChina event, fundamentallyfailing to exercise fairness andcredibility, and generallyrecognised business ethics inthe marketplace. tax profit of $2.8m for the 2009calendar year. The business performedstrongly throughout 2010 and isexpected to report gross profitbefore tax of approximately$7.33m for the 12 months to 31December 2010. ITE believesthe acquisition will boost ITE'sresults within nine months ofthe takeover.by 10 per cent, according topreliminary figures. Net debt alsodropped by £187m to £862m,however revenue for the groupdeclined by six per centoverall.