Tarsus acquires remaining stake in Hubei Tarsus Hope

Gwen Kaufmann - Wednesday, October 28, 2020    

Photo: Tarsus

Tarsus has announced that it has agreed to acquire one of the group's current Chinese joint ventures, Hubei Tarsus Hope, outright. Hubei Hope Exhibition was the first acquisition made by Tarsus in China in 2008 and saw a 50/50 joint venture established which has endured since. The venture's portfolio is comprised of a number of B2B exhibitions held across the fast-growing markets of Central and Western China; including the Chengdu Dental Show and the biannual Zhengzhou Medical and Dental Show. In spite of the significant impact of COVID-19 on the events industry globally, China is one of the few territories that has successfully resumed live business events in recent months. Having been postponed from earlier in the year, the Hubei Tarsus Hope medical and dental events went ahead in August and witnessed strong turnouts and positive customer feedback. Commenting on the closure of the deal, Tarsus Group CEO Douglas Emslie said: "China is one of the world's largest exhibition markets and is of great strategic importance to Tarsus Group; even more so on the back of COVID-19 with so many territories not yet operational it has been fantastic for us to run seven shows there in quick succession recently. We are delighted to have further strengthened our position in China with this acquisition; there are notable synergies between these medical and dental shows and others within the portfolio and we look forward to further growing the events." In addition to the Hubei Tarsus Hope operation, the group also holds interests in a number of leading Chinese exhibitions such as Music China, Hometex, the Automotive Aftermarket Industry and Tuning Fair (AAITF), Touch China, China Aid and SIUF The International Brand Underwear Fair. (kf)     tarsus.com/tarsus-group-acquires-remaining-stake-chinese-joint-venture


Related Articles

High event market demand in Shenyang

Pent up market demand for exhibitions and meetings is clearly indicated as northeast China's newest and most modern exhibition and meeting venue has reopened.

Read more
Strong reboot of Hong Kong's exhibition activities

Following a series of well attended physical trade and consumer exhibitions in October, another four trade fairs were held successfully at the Hong Kong Convention and Exhibition Centre (HKCEC).

Read more
Global exhibitions market to rebound to 78% of its 2019 size by 2022

The primary driver of revenue loss in 2020 is reduced volume sales, finds the Globex 2020 edition.

Read more

Most read articles

Combining global insights and regional expertise

The UFI-EMS combines both global insights and regional expertise – following the clearly articulated need for education that adapts a global curriculum to specific regional and local requirements.

Read more
Because people are powerful!

A panel of industry representatives will provide their visions on the workforce for tomorrow and how to plan and prepare for a broader range of skills, structures, and mindsights to help this industry recover, adapt, and grow.

Read more
Meet Speaker Celia Navarrete

Mexico-based Celia Navarrete, president of AMPROFEC and Vice President, Construction of Informa Mexico was part of a panel ‘Government and Associations‘ during the 87th UFI Global Congress.

Read more

Categories and Tags

Markets | Advertorial | Tarsus | China | Hubei Hope Exhibition | Asia