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Tarsus Group PLC to acquire 50 percent interest in company and to establish joint venture with EJK

Tuesday, 26 Nov 2013 02:00am EST 

Tarsus Group PLC:Says it has agreed to acquire a 50% interest in a company that owns two exhibitions in Mexico from E.J. Krause & Associates, Inc. (EJK) (the Acquisition) to establish a joint venture (the JV) with EJK.Says the JV owns two events held in Mexico: Plastimagen and Expo Manufactura.Says the Acquisition is expected to be earnings accretive in 2014.Says the JV will also provide a platform for Tarsus to launch new exhibitions in Mexico, primarily drawing on Tarsus's existing brands.Says Tarsus has agreed to collaborate with EJK by launching replications of existing EJK brands into territories in which Tarsus has a suitable launch platform.Says the first of these will be in Indonesia where the Group has agreed with EJK to launch an edition of EXPO COMM in Jakarta. 

Company Quote

7.75 +3.70%
11:35am EDT