GL events makes another acquisition in China

Shanghai, 4th January: There is not a lot of detail on this deal. It does not yet appear on the GL events website, but some media are reporting that GL events has acquired a 65% stake in the organiser of Harbin Seed Expo. The event focuses on seeds and related equipment. Harbin Seed Expo employs 23 people and has reported revenue of US$3.5 million with an operating margin of 40%.

The organiser has three events in its portfolio. Harbin Seed Expo is an annual event that features more than 1,000 exhibitors and covers 25,000 m2. The company also organises similar, smaller annual events in Chengdu and Nanjing.