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UBM acquires Ecobuild event

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London—UBM has acquired International Business Events, which produces Ecobuild, a trade show covering sustainable building products. The deal was valued at $51 million with the potential for a $33 million earn-out over the next 12 months, UBM said.

"We expect to double the size of Ecobuild over the next four years and we see clear opportunities to develop Ecobuild events in new geographies—taking advantage of our worldwide events infrastructure and our existing events portfolio, particularly in emerging markets such as Brazil, China, India and UAE," said UBM CEO David Levin in a statement. "Our first new Ecobuild event will take place in Shanghai next year, alongside our existing construction show there, Expobuild."

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