National World Plc says the acquisition further advances its strategy to become one of the most comprehensive platforms for business and company news and information across the regions of the United Kingdom.
TBMG is based in Camberley and operates seven business to business events serving the business community in the South of England. In addition it operates two regional business magazines with accompanying websites.
The Business Magazine Group Limited has been acquired by Newsco Insider Limited, the owner of National World's business events and publishing division, Insider Media.
Commenting on the acquisition, David Montgomery, executive chairman of National World said: "We are delighted that the Business Magazine Group is joining our growing portfolio of events and business titles. TBMG perfectly complements our existing portfolio of Insider brands in the South East and South West of England. Events in particular are a key growth category for National World and the BMG events will help accelerate that growth and strengthen our market position in a key geographical territory of the UK. We look forward to welcoming the BMG team into the Insider Group in the coming weeks."
Peter Tracey of Hurtwood Capital Limited, which owns TBMG, commented: "It has never been more important for regional businesses to have a voice and presence, to be heard and to be seen. The Business Magazine has been a trusted business brand for over 30 years, with a clear purpose of championing regional businesses and issues in the South of England. I am confident that this acquisition by Insider, part of the ambitious National World group, will continue that purpose and be of great benefit to colleagues, advertisers, sponsors and our audience."
The acquisition was completed on November 29th.
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