Thomson Reuters confirms FCBI acquisition

Europe News
Thomson Reuters confirms FCBI acquisition

Thomson Reuters has announced that it has acquired FC Business Intelligence (FCBI).

FCBI organises conferences and exhibitions to the energy, insurance, pharmaceuticals, transportation, travel, strategy and technology sectors.

The new business will be rebranded Reuters Events and will operate as part of the Reuters News division of Thomson Reuters.

“This acquisition allows us to combine Reuters globally trusted brand, scale and editorial excellence with FCBI’s deep expertise in highly specialised events for professionals,” said Michael Friedenberg, president, Reuters.

“As Reuters Events, they will help us to accelerate our growth and deliver on our mission to provide trusted intelligence that helps humans and machines make smart decisions. Moreover, this will create a new platform for our world-class journalism. I am thrilled that FCBI is joining Thomson Reuters.”

Piers Latimer, CEO, FCBI, added: “In combination, there is tremendous opportunity to move into new markets, new geographies and to further enhance the value we provide to customers.”

Reuters is the news and media division of Thomson Reuters, and was founded in 1851.

The transaction marks an exit for UK private equity business LDC. Terms of the transaction were not disclosed.