B2B. DVV Media International, of Bonn, Germany, is to acquire the aviation publishing and conference portfolio (Flight Global) of Reed Business Information, part of the $37bn RELX group. Magazine brands Flight International and Airline Business are the backbone of the portfolio which includes daily publishing at air shows, conferences and awards, jobs and other websites, and is believed to have revenue of some £10m. DVV is based in Surrey, UK, and owned by Rheinische Post, the Dusseldorf-based publisher of the eponymous regional daily newspaper.
Flight International was the world’s first aerospace weekly when it was launched in 1909, just six years after the Wright Brothers’ inaugural flight.
The deal follows DVV’s previous magazine-centric purchases from Reed including Personnel Today, Railway Gazette International and Motor Transport. The aviation brands will complement DVV’s Air Cargo News. “This is a significant step forward for our organisation,” says Andy Salter, managing director of DVV (and former Reed executive): “The new portfolio means we now have a comprehensive offering across… the transport and logistics business information sector. We are all looking forward to working with the new team to build on the legacy of these products and develop a thriving market offering.” Cirium, the RBI aviation division which has divested Flight Global, is to focus on its retained data, analytics and consulting business.