United Business Media buys OAG Holdings Ltd for GBP2.5m
Wednesday December 6, 2:23 am ET
Strengthens Commonwealth's Position as Leading Aviation Industry
Intelligence Provider
LONDON, December 6 /PRNewswire-FirstCall/ -- United Business Media plc today
announces that it has acquired OAG Holdings Ltd on behalf of its
wholly-owned subsidiary Commonwealth Business Media for a total cash
consideration of GBP2.5m.
OAG provides consolidated passenger and cargo flight information to the
global aviation industry, playing a critical part in ensuring the industry's
operational efficiency. OAG's airline schedule database holds historical and
future flight details for 1,000 airlines and more than 3,500 airports, and
currently tracks around 28 million departures per year. OAG has more than
50,000 customers, including global and regional airlines, airports, global
distribution systems, travel agencies, corporate travel planners, government
bodies, aircraft manufacturers, freight forwarders and the travelling
public.
The OAG business is highly complementary to, and will be integrated into,
Commonwealth Business Media's BACK Aviation database business (see
www.backaviation.com). The combined product offering will be the aviation
industry's most comprehensive data and intelligence business, providing
information across all key areas of the aviation market.
In 2006, almost 50% of OAG's estimated GBP24m revenues were derived from
data and electronic products, a proportion that is expected to rise in
future. The remaining revenues were generated principally from print
products. Commonwealth's management team has a track record of successfully
developing print-centric businesses into data-driven, intelligence
businesses.
Alan Glass, President & Chief Executive Officer of Commonwealth Business
Media said:
"The acquisition of OAG gives Commonwealth a great opportunity to extend and
enhance our aviation industry product portfolio. Combining our existing BACK
Aviation database products with those of OAG will enable us to build a set
of market-leading, data-based workflow products that are integral to the
everyday operations of the aviation industry worldwide."
Notes to Editors
1. About United Business Media plc
United Business Media is one of the world's leading global business
information companies. UBM brings together the world's buyers and sellers,
helping their markets work effectively and efficiently through PR Newswire's
news distribution network, Commonweath's trade and transportation business
intelligence, and through CMP's portfolio of events, print and on-line
publications. For more information, go to www.unitedbusinessmedia.com
1.1. About PR Newswire
PR Newswire is the world's leading corporate news distribution service.
Headquartered in New York, PR Newswire provides news distribution,
targeting, measurement and broadcast services on behalf of tens of thousands
of customers including many of the world's top companies and agencies. PR
Newswire has offices in 11 countries and routinely sends its customers' news
to outlets in 135 countries and in more than 40 languages. PR Newswire's
services include ProfNet Experts, eWatch, MEDIAtlas, Search Engine
Optimization , MediaRoom, MediaSense and MultiVu. For more information, go
to www.prnewswire.com
1.2. About Commonwealth & CMP
Commonwealth and CMP's portfolio of more than 200 newspapers, magazines and
directories, 200 websites and 300 events brings together buyers and sellers
from a range of global sectors including technology, healthcare, trade and
transportation, the built environment, lifestyle, fashion and ingredients.
The businesses operate globally through five divisions:
1.2.1. Commonwealth Business Media: Commonwealth Business Media is the
leading information provider to the global trade and transportation market
with comprehensive proprietary data, news and analytical content. Its
leading brands include Port Import Export Reporting Service ("PIERS"), BACK
Aviation Solutions ("BACK"), The Journal of Commerce and a number of
directory databases covering the international trade, railroad and trucking
markets. Commonwealth is headquartered in East Windsor, New Jersey with
offices around the US and internationally. For more information, go to
www.cbizmedia.com
1.2.2. CMP Asia: Headquartered in Hong Kong with offices throughout the
region, CMP Asia is a leader in exhibitions and online and print business
information publications for Asian markets. Working with partners from
around the world, CMP Asia stages a range of leading events which includes
the largest international jewellery, leather and fashion, beauty and
furniture trade shows in Asia, as well as the definitive health show for the
Japan market. For more information, go to www.cmpasia.com
1.2.3. CMP Information: Operating in the UK and internationally, CMPi
provides professional media solutions to around 20 industry sectors. Its
products include magazines, exhibitions, conferences, awards events,
information products and websites, targeted at business professionals across
a range of markets such as the built environment, travel, licensed trade,
agriculture, security and ingredients. For more information, go to
www.cmpi.biz
1.2.4. CMP Technology: CMP Technology is a marketing solutions company
serving builders, sellers and buyers of technology worldwide. Through its
portfolio of market-leading print, event and online information brands, CMP
Technology delivers access, insight and actionable programs designed to
connect technology sellers and buyers. For more information, go to
www.cmp.com
1.2.5. CMPMedica: CMPMedica provides information and education to healthcare
professionals and patients around the world. It has a unique portfolio of
professional media products including newspapers, magazines, drug
directories, electronic databases, websites and events. For more
information, go to www.cmpmedica.com
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