Air Cargo News parent swoops on major aviation titles
13 / 06 / 2019
Air Cargo News parent firm DVV Media International (DVV) has announced its intention to acquire leading aviation publications Flight International and Airline Business from Reed Business Information (RBI).
As well as the two publications, the portfolio set to be acquired by DVV includes the daily news, views, analysis and other publishing activities at international air shows, including Flight Daily News and Flight Evening News, a portfolio of aviation conferences and awards, including The Airline Strategy Awards, other publishing activities such as FlightJobs, and the websites supporting these publishing activities. This publishing and conferences portfolio is currently part of RBI’s Cirium.
“The portfolio will join DVV’s complementary Air Cargo News brand to substantially increase DVV’s offering to the aviation sector. It brings with it more than 110 years of proud heritage and award-winning multi-platform editorial excellence, and a significant global reach,” DVV said in a statement.
“This is a significant step forward for our organisation,” said Andy Salter, MD of DVV, “The new portfolio means we now have a comprehensive offering across all modes of the transport and logistics business information sector. We are all looking forward to working with the new team to build on the legacy of these products and develop a thriving market offering.”
Jeremy Bowen, CEO of Cirium said: “This divestment reflects the strategic priority for Cirium of focusing on its data and analytics businesses. DVV is a great home for the publishing portfolio, and we are confident it will provide a secure future for the team and brands. I’d like to recognize and thank all of the staff for their exceptional dedication and commitment over the years and we look forward to their continued success.”
The transaction is expected to complete in the second half of 2019 after appropriate employee consultation.
DVV is owned by German newspaper publisher Rheinische Post and is based in Sutton, Surrey. DVV has acquired a number of businesses previously owned by RBI, such as Personnel Today, Railway Gazette International, Commercial Motor and Motor Transport, all of which have thrived under DVV’s ownership.