United Business Media acquires Aprovia UK

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London--United Business Media announced Monday the acquisition of Aprovia UK for about $125 million in cash, about nine times the company’s 2002 earnings before interest, taxes, depreciation and amortization (EBITDA). Aprovia UK is the owner of the Builder Group, a U.K. construction trade publisher, and the Barbour Index, an information services provider in the construction, health and safety industries. CMP said it will integrate Aprovia into CMPi, the U.K. professional media division of United. “Following up on the recent acquisition of Property Media and The Interior Design Handbook, this move is further evidence of our ambition to build our professional media business in the U.K.,” said Clive Hollick, UBM’s CEO, in a statement.
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