Business
Acquisition and expansion of
Acquisition and expansion of.
About this update from Zinc Media Group Plc
[{"type":"text","content":"\n RNS Number : 3771G Ten Alps PLC 01 February 2010 \n \n\n1 February 2010\nTen Alps Plc\n\nAcquisition and expansion of multiplatform model\n\nTen Alps makes Asian online, publishing and search engine optimisation acquisitions - expanding its multiplatform model to Singapore \n\nMultimedia factual producer Ten Alps plc (\"Ten Alps\" or the \"Company\") announces the formation of a majority-owned joint venture (\"JV\") company in Asia, and the acquisition by the JV of assets from Reed Business Information Asia (\"RBI Asia\") plus the trade of Interface Media Pte Limited (\"Interface\").\n\nThis initiative expands Ten Alps' Singapore operations with websites, events and publications in television, engineering, air freight, pharmaceuticals, electronics as well as business to business online media sales and search engine optimisation. \n\nTen Alps launched an Asian TV production business in August 2009 in Singapore. With the addition of 30 employees through the JV, the Company has replicated its multi-platform model of factual media in fast-growing Asian markets, including mainland China.\n\nJoint venture formed in Singapore\n\nTen Alps has formed Ten Alps Communications Asia Pte Limited (\"TACA\"), registered in Singapore, in which it holds a 60% stake alongside Karay Holdings Pte Limited (\"Karay\"), who holds the remaining 40%. Ten Alps has an option to acquire the Karay holding in 2013.\n\nTACA will be run by Raymond Wong and report to the Ten Alps Communications division. Raymond is the former Managing Director of RBI Asia, with significant senior management experience across media companies across the region. He is the owner of Karay and has responsibility for developing TACA and the Ten Alps Communications portfolio in Asian markets. \n\nAcquisition of publishing and events assets\n\nWith effect from 1 February 2010, TACA will purchase ten titles from RBI Asia including websites, events and publications associated with the following assets: Television Asia, Asia Image, Payload Asia, Control Engineering Asia, Asia Food Journal, Pharma Asia, Electronics Manufacturing Asia, Electronics Manufacturing China, Logistics Insight Asia and Travel Weekly China. The titles have prominent market share positions across targeted niche sectors in the Asian market. \n\nThese Asian titles offer an opportunity in...