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Exhibition World | Newsrecord of "identifying, completingand integrating value-enhancingacquisitions" over the past fiveyears. "Canon gives us acomplementary portfolio ofmarket-leading brandedtradeshows and related productswhich serve highly attractivegrowth markets experiencingglobalisation," he said.Canon also produces thebroad-based Pacific andAtlantic Design andManufacturing shows, whichco-locate with MD&M East andWest, OEM New England, andElectronics West.WORLD- United BusinessMedia (UBM) has acquiredmedical and manufacturingtradeshow and media companyCanon Communications fromSpectrum Equity Investors andApprise Media for US$287m.The deal positions UBM as oneof the leading internationalproviders of trade shows andrelated media for the growingmedical device design andmanufacturing market andadvanced manufacturingsectors. Canon's trade shows andconferences include MedicalDesign and Manufacturing(MD&M) East, West, andMinneapolis. MD&M East (NewYork) and West (California) areamong the world's largest tradeevents for companies seekingmedical products and services.UBM CEO David Levin said theacquisition builds on its trackOMAN - The delayedconstruction of an internationalconvention and exhibition centrenear Muscat International Airportis gathering momentum with theAl Alawazi InternationalCompany winning the bid for thefirst round of site preparation andenabling works.One of 16 construction firms tobid, Al Alawazi won with a bidamount of OMR2.45m (US$6.4m),followed by Desert Line Projectsand Ali and Company Tradingand Contracting with OMR2.88mand OMR2.9m bid pricesrespectively, according to TheTimes of Oman.The centre will have 30,000sqmof exhibition space, a conferencehall with a capacity of 5,500-6,000 seats, a sports centre,hotels in five-, four- and three-starcategories, 20 meeting roomsand a business park coveringapproximately 70,000sqm.UK- Exhibition industryveteran Roger Shashoua haslaunched a new investmentinitiative to help UK andEuropean organisers expandtheir brands into emergingmarkets.Shashoua's investmentvehicle, Expofund, will focuson partnering with and fundingestablished brands to enterfour main countries: Brazil,Russia, India and China(BRIC). It will providelicensing, trademarkregistration, financial and localmarket expertise services inBRIC countries in return for astake in the UK or Europeancompany's emerging marketsinvestment.Shashoua claimed therecession left many exhibitionorganisers risk averse andstruggling to find the financialmeans to head overseas.The latest initiativerepresents the second iterationof Shashoua's Expofundmodel, which launched in2009 to provide funding todistressed companies andclosed earlier this year.Shashoua said his initialinvestment target for the latestExpofund was 50-75 brands.POLAND- Haymarket haspulled out of its Polish jointventure with MontgomeryExhibitions, MontgomeryPolska.The two UK-based companiesformed the partnership toproduce the Polish Cerealstrade fair (Polskie Zboza).Chairman of MontgomeryExhibitions, Christopher Newton,confirmed Montgomery willremain in Poland and that theannual event will continue to rununchanged, with its next editiontaking place on 17 and 18 June2011."Haymarket decided not tocontinue with our partnership,and as a result we haveconcluded a new joint venturedeal with Poznan InternationalFair," said Newton. "TheHaymarket pullsout of Polish JVwith Montgomeryexhibition will go ahead eachyear as it has before. We arealready working on crop plotsfor next year's June event."Haymarket will continue to runthe UK edition of the Cerealsexhibition, which it acquired in2007.16 firms bid for Omanexpo centre contractTHE MAGAZINE FOR THE GLOBAL EXHIBITION COMMUNITY WWW.EXHIBITION-WORLD.NET| October 2010|5Shashoua delivers new exhibition investment venturesChristopher NewtonUBM buys CanonCommunicationsfor US$287m

News| Exhibition WorldSHANGHAI- Russia needs asingle body to develop itsexhibition industry andpromote the country's imageinternationally, representativesof the Russian exhibitionindustry said in a session at theShanghai World Expo.Speaking at the event, thepresident of Restec ExhibitionCompany, Sergei Trofimov,said it was now time to reviseRussia's 10-year old policy onexhibitions. "We are ready tobe an effective tool, to haveinteraction at all levels,including executive power,public organisations, exhibitorsand exhibition organiserswithin one system, which isrequired to effectively developthe economy," he said.His views are supported byVladislav Malkevich, GM ofMoscow Expo Centre, whoclaimed Russia's exhibitionindustry had been scalingback its participation atinternational events.Russia's pavilion at the WorldExpo was the first it has built in30 years. It comprised 12 whiteand gold towers over6,000sqm.SHANGHAI- Morgan Stanleyanalysts have issued aninvestors' note recommendinga 'Buy' for events organiserand publisher Informa.Morgan Stanley citedInforma's attractive cashgenerative businesses, fastergrowth rates than its peers inevents and the fact it was moregeared to a buoyant market.The note comes after InformaCEO Peter Rigby commentedon "a pickup" and "greenshoots" in the company'sevents business. With the"favourable changing mix ofthe business towards largescale events" and the "fallaway of £50m of low-marginrevenues and high operationalgearing," Morgan Stanley saidInforma had raised estimatesof Informa's events marginsfrom 17.5 per cent to 18.7 percent for 2011.INDIA- Adforum, the organiserof pulp and paper trade fairsPulPaper, SPCI and China Paper,is launching a paper exhibition inassociation with Inter Ads-BrooksExhibitions. IPX India will be held 13-15December 2012 in Mumbai andis being produced as a jointventure between Inter Ads Indiaand UK-based outfit MackBrooks Exhibitions. India has one of the fastestgrowing pulp and paper marketsglobally, with estimated turnoverof US$3.4bn.Mumbai paper expo unwrappedAdult expo sues venue, city, ex-mayorUSA- Convention and arenamanagement company SMGhas been selected to take overthe daily operation of Detroit'sCobo Centre.The Cobo Centre has voted toturn over management to SMGas part of a turnaround aimedto keep the North AmericanInternational Auto Show(NAIAS) as its prime tenant,and bring new exhibitions todowntown Detroit, according toEW's US partner Trade ShowExecutive.The management ofChicago's McCormick Place isalso expected to be put up forbid later this year.SMG to manage Cobo Centre6| October 2010| THE MAGAZINE FOR THE GLOBAL EXHIBITION COMMUNITY WWW.EXHIBITION-WORLD.NETthe show's US$32,500 deposit.According to the lawsuit,Exxxotica was forced to moveonly seven days before openingwhen Secaucus authorities toldorganiser Victory TradeshowManagement that the showwould be barred because "theexhibition?s and activitiesscheduled to take place wouldbe obscene and lewd."However, the suit alleges thatExxxotica "expressly adviseddefendants of the nature ofvarious products that would besold and certain performancesand demonstrations that theshow anticipated to takeplace," to which organisersclaim "at no time didrepresentatives of HartzMountain, or its agent SMG,express any reservations aboutthe proposed content." Four days before the event,Exxxotica moved to NewJersey Expo Centre, nearly 30miles from the original venue.USA- The organiser of adultentertainment industry tradeshow Exxxotica has filed alawsuit against Secaucus NewJersey Town Administrator DavidDrumeler, ex-Secaucus mayorDennie Elwell and HartzMountain, owner of theMeadowlands Exposition Centre.The lawsuit follows the 2008show, when the defendantsallegedly barred the "adult-themed public tradeshow" fromthe Centre but refused to returnRussian exhibition expertscall for industry reformBuy Informa says Morgan Stanley