UBM India in buying spree; acquires Renewable Energy India Expo from Ei
In a major industry move, the series of Renewable Energy India Expos have been transferred by Exhibitions India Pvt Ltd to UBM India.
As a consequence, the 6th Renewable Energy India 2012 Expo scheduled to be held from 7-9 November 2012 at the India Expo Center, Greater Noida (National Capital Region) will now belong to the UBM group and is estimated to attract more than 650 exhibitors and over 20,000 trade visitors from across the globe. Under the new ownership, the international expo will leverage the global strength of the UBM Group to draw a wider worldwide participation for the success of the event.
UBM group is a global conglomeration with more than 6,000 professionals working in 30 countries around the world. UBM has evolved businesses in Events; Targeting, Distributing and Monitoring business information; Data Services; Online - Marketing Services and Print - publications and has established a strong foothold in the Indian events and exhibition industry. They are organisers of CPhI India; Gem & Jewellery India International; IFSEC; Interop Mumbai; SATTE, etc and over 100 events all over the world.
Speaking about the takeover Mr Sanjeev Khaira, Managing Director UBM India said,“ We are delighted to add this acquisition to our growing Indian exhibition business. Renewable Energy is an important sector that complements our existing portfolio, the demand for electricity in India is estimated to grow at an annual rate of 8%, driving heavy investment on developing renewable energy. We see an excellent opportunity to leverage our international network to drive more international visitors and exhibitors to the event”
The annually held series of Renewable Energy India Expos have received global industry recognition and are Asia’s largest and premium event on the renewable sector. With a modest beginning of 600 sqm in 2007, the show is expected to touch exponential height of over 12,500 sqm net display space during the forthcoming edition.
“We are happy to transfer this exposition to UBM India. When they approached us, we were fully aware of their track record in delivering excellent experiences for both exhibitors and visitors at their exhibitions in India and across the globe. We knew we could trust them to maintain the quality of the event our team has worked so hard to build” said Mr Prem Behl, Chairman, Exhibitions India Pvt Ltd. With the event, the core team led by Rajneesh Khattar, the new Project Director will also join the UBM India group.
Upbeat about the association of Renewable Energy India Expos with the UBM India, the team foresees manifold growth of the event and hopes to bring more value addition to the participants.
According to the sources available with TradFair Times, the show is sold at an amount of INR50 crore (US$9.6m),with 30% equity retaining with Exhibitions India Group. Renewable Energy India expos are among the larger exhibitions on green energy in Asia, spanning exhibition space of more than 10,000sqm at the 2011 event.
“We have taken a decision to transfer the future series of the Renewable Energy India expos to the UBM India Group,” said chairman of Exhibitions India Group Prem Behl. “The expo will leverage the global strength of the UBM Group to attract a wider worldwide participation to the expo.”
Behl said he expects events related to renewable energy to grow in India.
Earlier this year UBM acquired a 70 per cent stake in Index Fairs, India’s largest interiors and furniture trade shows, from Index Furniture Private Limited.
About Exhibitions India
The Exhibitions India Group is a trade promotion organisation creating opportunities for investments, joint ventures and technology transfers through the platform of international exhibitions and conferences. The Group is an interface between Government, business, academia, society and media, etc.
The Group has been in existence since 1987.
The Group’s portfolio of events includes:
Convergence India Expo: South Asia’s largest ICT event
Indian Business Aviation Expo: India’s dedicated business and general aviation event
Waves- Pool Spa Bath Expo & Business of Spa Beauty & Fitness Expo: India’s first wellness industry event.
Exhibitions India is the only trade fair and conference organizer in India with ISO 9001:2000 & ISO 14001:2004 Certification. The Group is a member of UFI (The Global Association of Exhibitions Industry) and IAEE (The International Association of Events & Exhibitions.