UBM Live Increases Holdings in Turkey
UBM Live has acquired a controlling interest and created a joint venture with its partner in several Turkish tradeshows.
UBM Live will now have a 75-percent stake in NTSR, an international exhibition and c
“We are pleased to be joining UBM Live to expand our presence further in the regional marketplace,” NTSR Chairman Serkan Tiglioglu says in a statement, “as well as bringing international visitors to Turkey.”
Tiglioglu will become the Turkish joint venture’s executive chairman, lead all its activities an
d pursue additional launches and acquisitions.
The UBM Live-NTSR joint venture will also manage four tradeshows that UBM has either launched or acquired in conjunction with NTSR: CBME Turkey (maternity products), IFSEC Istanbul (security), CPhi Istanbul (pharmaceuticals) and Food Ingredients Istanbul.
“Turkey is an exciting market for us,” says UBM Live CEO Simon Foster, “and we are delighted to be deepening our partnership with NTSR.”