May 25th 2007: Centaur Media plc (Centaur), the specialist business publishing, information and events group, has acquired the Creative Handbook from Reed Business Information Ltd. for £0.3m.
The Creative Handbook is an annual directory publication in the creative services market where Centaur is represented by the monthly magazine Creative Review and the weekly Design Week.
No staff are included in the transaction and the business will be moved to Centaurs offices with immediate effect. The next issue of the Handbook (dated 2008) will be published later this year.
Geoff Wilmot, Chief Executive of Centaur, said: "We are delighted to be acquiring this highly regarded directory from Reed. We believe that it will fit in very well with our existing print titles and websites that serve this community. One leg of Centaurs strategy is to build on its strength in the markets in which it already operates and this latest acquisition reflects the successful continuation of that strategy."
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About Centaur Media plc:
Centaur's product portfolio currently includes 10 weekly or fortnightly magazines, 21 other magazines, over 20 online products or services, 25 awards or other sponsored events, 20 exhibitions and 80 conferences.
Centaur reports its results within 5 distinct business sector segments, namely Marketing and Creative, Legal and Financial, Engineering and Construction, Perfect Information and Other. The first 3 segments comprise principally the following vertical business communities in which Centaur publishes market-leading magazine titles: Marketing Services, Creative Services, New Media, Retail Financial Products, Legal Services, Engineering, Private Homebuilding. Centaur also enjoys strong positions in a number of other specialist communities, namely HR, Construction, Antique Rugs and Textiles, Supply Chain & Logistics, Recruitment and Public/Private Finance. In addition, it serves the Business Travel community with 3 leading trade shows in the UK and overseas and an associated web service.
