German-owned, Surrey-based DVV Media International (DVV) has announced its intention to acquire the publishing activities and conferences in the aviation sector from Reed Business Information (RBI), part of the Cirium risk and business analytics market segment of RELX. Terms of the deal have not been disclosed.
The portfolio includes Flight International while the portfolio of aviation conferences and awards includes The Airline Strategy Awards. The acquisitions will join DVV’s Air Cargo News brand and MD Andy Salter described the deal as “a significant step forward for our organisation”.
Jeremy Bowen, CEO of Cirium said: “This divestment reflects the strategic priority for Cirium of focusing on its data and analytics businesses.”
The transaction is expected to complete in the second half of 2019.