WESTBOROUGH, Mass., Dec. 4 /PRNewswire/ -- Informa Group plc ("Informa" or the "Company"), the business information group, is pleased to announce the proposed acquisition (the "Acquisition") of PJB Publications Limited ("PJB"), an independent publisher of international business news and information services for the pharmaceutical, agrochemical and biotechnology industries, for 120,000,000 pounds.
PJB is an independent publisher of international business news and information services for the pharmaceutical, agrochemical and biotechnology industries. PJB's key products include Scrip, Clinica and Pharmaprojects.
PJB employs a number of information delivery methodologies, including newsletters and journals in a variety of printed and electronic formats and frequencies, databases (including R&D databases) and market reports.
PJB's employs approximately 240 employees. Its principal activities are based in the UK, with an office in New York.
Informa considers PJB to be a premier pharmaceutical publisher with highly respected leading brands and is delighted to have the opportunity to combine the two businesses in order to create a market leading information company with excellent growth prospects and solidity of earnings. In particular, Informa believes that PJB can be quickly integrated within the Informa group and that the combination of Informa and PJB will create a number of key benefits for customers and shareholders.
Peter Rigby, Chairman of Informa, commented:
"I am delighted that we have had the opportunity to acquire PJB as this is a business which we have long wished to combine with our existing Life Sciences activity. The business is in one of our core markets, providing value added, must have information and analysis to business customers, largely on a subscription basis.
The Acquisition is in line with our strategy of acquiring strong international publishing brands based around value-added subscription services."
Contacts Informa Group plc 020 7017 4302 Peter Rigby Chairman David Gilbertson Chief Executive Jim Wilkinson Finance Director
Informa Group plc
CONTACT: Peter Rigby, Chairman, or David Gilbertson, Chief Executive, orJim Wilkinson, Finance Director all of Informa Group plc, 020 7017 4302