Reed Business Sells Asian Trades

SINGAPORE: Factual producer Ten Alps has announced a deal to acquire a slate of trade publications from Reed Business Information Asia.

Ten Alps is forming a majority-owned joint venture in Asia with Karay Holdings, Ten Alps Communications Asia (TACA). Ten Alps has an option to acquire the 40 percent Karay holding in 2013. TACA will be run by Raymond Wong, the former managing director of RBI Asia and the owner of Karay. Effective today, TACA acquires ten titles from RBI Asia, including websites, events and publications associated with Television Asia, Asia Image, Payload Asia, Control Engineering Asia, Asia Food Journal, Pharma Asia, Electronics Manufacturing Asia, Electronics Manufacturing China, Logistics Insight Asia and Travel Weekly China. TACA has also agreed to purchase the trade of Interface, which specializes in media sales and digital and online search engine optimization services in the Asian business to business sector. 

Adrian Dunleavy, the chief executive of Ten Alps’ Communications Division, commented: "Ten Alps Communications Asia is formed with first-class local management headed by an experienced manager in Raymond Wong. The business has made two strong initial moves in the market, with potential to develop the acquired assets using publishing techniques deployed successfully in our U.K. operations. We will target strong business and product development in the region, and transfer a number of our existing business models into the business to business and government sectors in Asia over the coming months."