<article>Event organiser <a style="color: #000080;" href="http://dealstreetasia.com/tag/ubm" target="_blank">UBM Plc</a> said it would buy Asian exhibitions company <a style="color: #000080;" href="http://dealstreetasia.com/tag/allworld" target="_blank">Allworld</a> for $485 million in cash, strengthening its position in Asia and providing an entry into the Middle East.</article>

Event organiser <a style="color: #000080;" href="http://dealstreetasia.com/tag/ubm" target="_blank">UBM Plc</a> said it would buy Asian exhibitions company <a style="color: #000080;" href="http://dealstreetasia.com/tag/allworld" target="_blank">Allworld</a> for $485 million in cash, strengthening its position in Asia and providing an entry into the Middle East.
The deal, which will be debt-funded with a new bridge facility, is expected to add to earnings in 2017, UBM said in a statement on Tuesday.
Allworld, which operates tradeshows in 11 countries, complements UBM&#8217;s existing portfolio in food and hospitality, and packaging and manufacturing, while allowing it to enter oil and gas markets, UBM said.
UBM unveiled its &#8220;events first&#8221; strategy in November 2014, with a focus on spending resources on its largest and most profitable shows and spending to buy events businesses.
Reuters
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UBM Plc said it would buy Asian exhibitions company Allworld for $485 million in cash, strengthening its position in Asia and providing an entry into the Middle East.

Event organiser UBM to buy Asia-focussed Allworld for $485m

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Event organiser UBM to buy Asia-focussed Allworld for $485m

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