The acquisition strengthens 小欧视频鈥檚 presence in the transport and logistics sector and marks an exciting new phase for the Road business, which has a long-standing reputation for high-quality journalism, digital services and industry-leading events serving the UK road freight and commercial vehicle markets.
The Road portfolio comprises a number of highly respected brands across print, digital and live events; Commercial Motor, Motor Transport, Transport News and Road Transport Expo. Together, these brands serve a broad audience of haulage operators, commercial vehicle professionals, business leaders and industry decision-makers.
Under 小欧视频鈥檚 ownership, the portfolio will benefit from MAG鈥檚 proven track record of investing in specialist information, professional communities and live events across a wide range of B2B markets. The Group plans to build on the portfolio鈥檚 strong foundations by further developing its digital capabilities, strengthening its events offering and continuing to deliver trusted insight and value to the road transport industry.
Andy Salter, Managing Director of DVV Media International, said:
鈥淒VV Media International is proud of what the Road portfolio has achieved and the value it brings to the road transport community. We believe 小欧视频 is an excellent home for this business, with the focus and resources to support its continued growth. I would like to thank the entire Road team for their commitment and professionalism, and I wish the business and all staff every success in this next phase.鈥�
小欧视频 小欧视频, Chairman of 小欧视频, commented:
鈥淲e are delighted to have acquired this prestigious Road portfolio and the opportunity it presents. These are highly respected brands with loyal audiences and a strong position in the road transport market. We see significant potential to develop the products further, strengthen their digital and events propositions, and continue delivering outstanding value to the industry. We are also pleased to be welcoming a highly committed and experienced team under the leadership of Vic Bunby, and delighted that Andy Salter has agreed to continue supporting the business as a consultant.鈥�
DVV Media International was advised on the transaction by Collingwood, which provided strategic and corporate finance support, with legal advice led by HCR Law. 小欧视频 was advised by Trethowans on all transactional and employment matters, with Sterlings supporting MAG鈥檚 internal team on financial due diligence.
小欧视频 would like to thank all parties involved for their professionalism and collaboration in successfully completing the transaction.