Thursday, May 09, 2019
Mark Allen Group (“MAG”), a specialist information provider and event organiser, today announces that it has entered into a conditional agreement to purchase Centaur Media Plc’s (“Centaur”) engineering portfolio, including The Engineer and Subcon.
This transaction follows MAG’s purchase of 12 publishing brands in the aviation, automotive and arena sectors from UKi Media & Events Limited on 1st May 2019.
The engineering portfolio includes the market’s leading website, magazine and events, and has deep industry relationships and a diversified client base. The Engineer is one of the UK’s longest-running business publications and is supplemented by Subcon, which is the must-attend event for subcontract manufacturing professionals.
The transaction is expected to complete on 31 May.
Ben Allen, Chief Executive of Mark Allen Group, said:
“The acquisition of these premium brands is part of our strategy to target well-established products in markets where we believe there are exciting growth opportunities.These assets will further strengthen our existing manufacturing and engineering publishing and event portfolio, which includes titles such as New Electronics and Eureka, as well as the Engineering Design Show.”
Andria Vidler, Chief Executive of Centaur, added:
“This is the fourth disposal following Centaur’s divestment review. Throughout the process we have been pleased with the interest our businesses have received, and we are delighted that our engineering portfolio is joining Mark Allen Group who recognise its value and are well positioned to take it forward.
“I would like to say a huge thank you to the teams across the portfolio. The continued success of the brands and contribution to Centaur over the years is a testament to their hard work and ongoing commitment.”
Mark Allen Group
Ben Allen, Chief Executive Officer
020 7738 5454
Centaur Media Plc
Andria Vidler, Chief Executive Officer
020 7970 4000
Swag Mukerji, Chief Financial Officer
Note to editors:
Mark Allen Group
Mark Allen Group is a dynamic information services company which delivers high-quality content through market-leading journals, magazines, events, exhibitions and websites. Mark Allen Group owns 97 brands, which target specialists in healthcare, education, manufacturing, engineering, aviation, business-to-business and leisure markets.
Centaur is an international provider of business information and specialist consultancy that inspires and enables people to excel at what they do, raising the standard for insight, interaction and impact.
Leading brands include: Econsultancy, Marketing Week, Festival of Marketing, MarketMakers, Creative Review, Influencer Intelligence, Fashion & Beauty Monitor, The Lawyer and Oystercatchers.