Centaur, the specialist business publishing and information company, is pleased to announce that it has acquired Logistics Manager, a monthly magazine for logistics professionals, and the two Logistics Link exhibitions that go with it.
The magazine and exhibitions have been bought from Seven Kings Publications Ltd. The magazine was launched in 1994 and is published ten times a year. The first of the Logistics Link exhibitions was launched at Sandown Park in 2002 and the second was launched at Doncaster in autumn 2004. In calendar year 2004 the ten issues of the magazine and the two shows had a total combined turnover of 0.9m.
This is Centaur’s first acquisition in a new community since the company was floated on AIM in March 2004. In December 2004 Centaur was admitted to the Official List on the London Stock Exchange.
Graham Sherren, chairman and chief executive of Centaur, said: "We are very excited at the prospect of being involved in the logistics and transport community and see huge potential for both the magazine and the exhibitions. Serving new communities is a key part of Centaur’s growth strategy and Logistics Manager and Logistics Link fit the bill perfectly".
Centaur’s strategy is to build on its strength in the markets in which it already operates and look for other communities where it can apply its knowledge and expertise. The company believes that the logistics and transport community is ready for greater recognition. Managing the supply chain efficiently can have a significant impact on the profitability of manufacturing, distribution and retail businesses.
The growth of internet shopping is also changing the face of UK retailing, requiring significant improvements in the efficiency of logistics processes.
Neil Asten, Chairman of Seven Kings and publisher of Logistics Manager, said: "In the 11 years since we launched Logistics Manager we have developed it into a high-quality journal and introduced many new features and events. Centaur will use its experience and knowledge to take both the magazine and shows forward and help them play an even more important role in logistics and transport."
Centaur is one of the UK’s leading business-to-business publishers. Centaur’s publications include Marketing Week, Design Week, Creative Review, The Lawyer, Finance Week, Money Marketing and The Engineer. It also has a major Exhibitions division that runs around 20 exhibitions a year including the Business Travel shows, several shows in the marketing and financial services sectors and the Homebuilding & Renovating shows.
The Logistics Manager and Logistics Link operations will be moving to Centaur’s offices in central London in early March.
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