London, 1st February: London-based Clarion Events, a leading global events organiser, has recently completed a “merger” with Global Sources, a Hong Kong-based exhibition organiser and B2B online marketplace operator. Terms of the transaction were not disclosed. Funds managed by Blackstone, a private equity group, will control the combined group.

After the merger, the combined group will be a global player in the B2B events industry organising some 200 events annually across Asia, Europe and North America, and generating revenues of more than US$370 million.