EPPG acquires Reed Business Information GmbH
Munich, March 9, 2010 The specialty publishing group European Professional Publishing Group (EPPG) continues to grow and is acquiring the German specialty publisher Reed Business Information GmbH. Reed Business provides a broad offering of specialty journals, specialty books, services and online products for architects in over 70 countries and four languages under the DETAIL brand. In addition, Reed Business publishes the successful specialty journals “Digital Production” and “Recycling Magazin” and, looking forward, has established a new online product and service business through www.linx.de and www.youbizz.de. The seller is the international publishing house Reed Elsevier. The parties have agreed to keep the price confidential.
Both of the current managing directors, Hans-Jürgen Kuntze and André Weijde remain with the company. “Reed Business Information GmbH is a successful and well-managed firm. We look forward to leading a growth-oriented strategy together with our new owner EPPG”, said Hans-Jürgen Kuntze, Managing Director of Reed Business Information GmbH.
EPPG intends to develop step-by-step into one of the leading European suppliers of specialty information and is following a clear growth strategy with the acquisition of Reed Business Information GmbH. “With its clearly positioned and well-established specialty information for the architectural and technical fields Reed Business represents an ideal complement to EPPG. In addition to specialty journals, online portals, books and associated events the firm has been very successful in building the search portals www.linx.de and www.youbizz.de that fit well with existing EPPG databases. This leads to outstanding growth opportunities for the entire group,” said Ferdinand von Wrede, Managing Director of EPPG, in explaining the strategy.
„We are pleased we continue to have the support of a financially strong group with experience in specialty information such as EPPG. In collaboration with the other specialty publishers Reed Business Information GmbH will be able to continue growing, expand into other regions and profit from EPPG’s online business models”, says André Weijde, Managing Director of Reed Business Information about the sale of the company to the European Professional Publishing Group.
The closing of the transaction is subject to the approval of the German Federal Cartel Authority (Bundeskartellamt).
About the European Professional Publishing Group
The European Professional Publishing Group (EPPG) is a Munich-based publishing group for medium-size publishers in the field of specialty information and specialty interests. Group companies grow and develop organically as well as through additional investment and acquisitions. European Professional Publishing Group is owned by Management Capital Holding.
About Reed Business Information GmbH
Reed Business Information is the international business-to-business division of Reed Elsevier. The portfolio encompasses over 400 titles, newsletters, directories, reference works and online services in over 48 market segments and in five continents.
Activities in Germany are concentrated in the three areas of architecture, technology and eBusiness. Reed Business Information currently publishes the specialty journals DETAIL, RECYCLING MAGAZIN and DIGITAL PRODUCTION. Since 2007 Reed Business Information has offered the online business-to-business portal LINX as well as the company portal Youbizz.de.
About Management Capital Holding
Management Capital Holding is an investment firm with offices in Munich and New York that focuses on management buy-outs of medium-sized companies.