( dpa ) - Reed Exhibitions, a global company specializing in organizing trade shows, is set to acquire a dozen new brands in India over the next three years with an investment of 50 million dollars, news reports said Sunday.
"Our target is to acquire at least four exhibition brands each year and we are progressing in this direction. The company has lined up an investment of 50 million dollars in the next three years to acquire different brands in India as it plans to make the country its business hub," Reed Exhibitions India director Mandeep Singh was quoted as saying by PTI news agency.
Reed Exhibitions is part of Anglo-Dutch Reed Elsevier group which publishes magazines and provides professional information besides holding exhibitions.
Singh declined to give details about potential acquisitions. "We plan to acquire at least four exhibition brands this year. In fact, three will be acquired by mid-March," he said. The company also plans to invest in improving facilities of exhibition halls.
Reed Exhibitions India acquired two brands - Aluminium India and electronic equipment show Componex India in 2007. It hosted and organized both shows for the first time in February 2008 and plans to hold at least five more events by December.