Northstar Travel Group today announced it has entered into a definitive agreement to acquire Centaur Media Travel and Meetings Limited (CTM), the owner of well-known exhibitions and events serving the travel industry, including The Meetings Show, the Business Travel Show and Travel Technology Europe, from Centaur Media PLC. The transaction is expected to close at the end of April.
"The addition of Centaur's Travel & Meetings exhibitions to our global portfolio of 80 events in 13 countries fits perfectly with our strategy to expand our event segment with the U.K.'s leading portfolio of travel shows," said Thomas Kemp, chairman and CEO of Northstar Travel Group. "The acquisition also provides Northstar with a platform in London to expand our portfolio of travel information and marketing services properties in the U.K. and Europe. We are excited to add Dave Chapple and his team of travel-event professionals to the Northstar team," added Kemp.
The CTM portfolio includes the following brands:
• The Meetings Show: The U.K.'s leading inbound and outbound event for global meeting planners bringing corporate and association events to the U.K., or U.K. -based corporate and association planners looking to take events to Europe and globally. The event brings together approximately 5,000 attendees, including 640 exhibitors and approximately 1,000 hosted meeting buyers with 10,000 appointments.
• The Business Travel Show: This is Europe's largest corporate travel event with more than 9,000 attendees, including 220 exhibiting companies and 500 hosted corporate travel buyers, produced for 25 years in London.
• Travel Technology Europe: For 17 years, Travel Technology Europe has been bringing together buyers of technology solutions for the travel industry with innovative companies selling software and services to the travel industry. Approximately 6,500 attendees, including 300 VIP travel technology buyers, participate in Travel Technology Europe each year.
Northstar Travel Group is the world's leading information and marketing services company serving the global meetings and incentive industry with the Northstar Meetings Group, including Successful Meetings, Meetings & Convention, Meeting News, Incentive and SportsTravel; the corporate travel industry with the BTN Group, including Business Travel News, Travel Procurement and The Beat; and the travel technology industry through Phocuswright, the leading business intelligence, market research and event business serving on-line travel distribution and travel technology solutions.
"The CTM portfolio is a perfect strategic fit with Northstar's core information and marketing services brands serving these B2B travel segments," said Bob Sullivan, president of Northstar's Travel Group. "We will be able to leverage our content, our databases and our industry relationships to expand and grow these events."
The entire CTM team is expected to join Northstar at the close. "We are thrilled with the combination of the Travel & Meetings business with Northstar Travel Group," said David Chapple, group event director of CTM. "Northstar is the perfect strategic partner for our portfolio of exhibitions with the leading global brands in each of our travel markets."