UBM buys five trade shows in Asia
London—UBM, continuing its overseas expansion, has acquired AMB Exhibitions Sdn Bhd and AMB Events Sdn Bhd in Malaysia, the Philippines and Vietnam. AMB produces five events in Malaysia and Vietnam. The company has four additional events planned for this year—three in the Philippines and one in Vietnam. AMB's two largest shows are AsiaWater and ASEAN M&E Expo. The company generated revenue of about $4 million in 2010. Separately, United Business Media Ltd. changed its name to UBM plc. “Moving to UBM underlines the transition the business has made over the last five years away from traditional media like newspapers and television, and towards live events, data and information services, digital and print media products and marketing services for professional and commercial communities,” UBM CEO David Levin said in a statement.