London—The UBM Live unit of media company UBM announced it has acquired a 75% stake in NTSR, a Turkey-based event producer. Financial terms of the deal were not disclosed.
The joint venture will operate NTSR’s six trade shows: Boatshop, Boatshow, Europort, Growtech, Intertraffic and Istanbul Light.
The acquisition extends UBM Live’s existing partnership with NTSR Chairman Serkan Tiglioglu, which included trade shows in the maternity, security, pharmaceutical and food ingredients verticals in Turkey.
The deal also brings the businesses under shared management. Tiglioglu will lead UBM Live’s activities in Turkey as executive chairman, where he will develop the existing portfolio and pursue new launches and acquisitions in the region, the company said in a statement.