Euromoney to buy Infrastructure Journal for 12.5m pounds

15th Oct 2013 07:45

Online information and events company Euromoney Institutional Investor has agreed to buy Infrastructure Journal.Infrastructure Journal, which supplies online data, intelligence and events to the infrastructure sector, will be purchased from Top Right Group for a cash consideration of £12.5m.Euromoney expects the acquisition to be earnings enhancing in the fiscal year 2014 as it complements its project finance and infrastructure business.Infrastructure Journal posted revenues of £3.1m for the year to December 2012."Infrastructure Journal is a business we have long admired and we are delighted that it is now part of our stable of global brands," said Richard Ensor, Chairman of Euromoney. "With an estimated $57trn of investment into infrastructure projects required around the world by 2030, we believe this part of the business-to-business information sector offers attractive growth fundamentals. "Euromoney aims to create a comprehensive market-leading infrastructure information provider by combining, under the Infrastructure Journal brand, the deals database and news coverage of Infrastructure Journal and the deals analysis, awards and conferences of Project Finance."RD