Cape Town, South Africa — (METERING.COM) — March 3, 2009 – Clarion Events have announced the acquisition of a majority interest in Spintelligent, a South African exhibition and large-scale conference organiser. This brings to a total of four the number of acquisitions completed since Clarion undertook a secondary financing in February 2008.
Spintelligent, based in Cape Town, specialises in the utility and power infrastructure sector, producing and hosting more than twenty events a year in more than a dozen countries. The acquisition is the perfect complement to Netherlands-based Synergy and gives Clarion Events a global platform of Metering events and a series of market leading sector brands across every continent.
Spintelligent also publishes three industry leading magazine titles: Smart Energy International, ESI Africa and Mining Review Africa and associated websites.
Announcing the deal, Russell Wilcox, CEO Clarion Events Conferences and Rudi Leitner, MD of Spintelligent said, “We’re delighted. We share the same vision of creating worldwide information and marketing solutions for our sector which will provide greater opportunities for all of our customers.”
Kent Allen, Managing Director of Clarion Events put the deal into context for Clarion saying: “Spintelligent is a perfect fit for our business and makes us the number one event organiser in this sector. This acquisition is a further step in our strategy of becoming a global exhibition and conference organiser, taking our portfolio of events to more than one hundred. In just over a year we have established a presence in mainland Europe, South America and now Africa, which keeps us on track for achieving our objectives.”