Informa has struck a £2.24bn deal to buy Clarion, the London-based events organiser owned by Blackstone, in a takeover that adds more than 100 events to its portfolio.
The collection spans DSEI, the defence and security exhibition held at London's ExCel, and AwesomeCon, a comic book and pop culture convention in Washington. Clarion's other shows cover travel, classic cars, technology, gaming and design, including Birmingham's Classic Motor Show, billed as the "world's largest vehicle club gathering" and due to take place next month.
DSEI, held every two years in London as well as in Germany and Japan, has attracted protests. Last year hundreds of demonstrators gathered outside the four-day London fair over the presence of Elbit Systems, Rafael and Israel Aerospace Industries, Israel's three biggest arms companies, which have supplied the Israel Defense Forces. The latter two are state-owned.
Stephen Carter, the Informa chief executive, said the company was "accelerating the focus" on its core live events business. The group also laid out plans to spin off its academic publishing arm, Taylor & Francis.
Informa, headquartered in London and employing 14,000 people, hosts major industry events including London Tech Week and the Cannes Lions International Festival of Creativity. Its shares have been flat so far this year after it was forced to reschedule several events in the Middle East because of the conflict in the region. Last year Carter moved his residency from the UK to the UAE and retired from the House of Lords.