B2B publisher and digital media firm Canon Communications LLC, US, part of Apprise Media LLC, has announced a definitive agreement to acquire four key media brands serving the advanced design engineering sector in the US, Asia, and Europe.
Included in the purchase from Reed Business Information-US (RBI) are the worldwide assets of Electronic Design News (EDN), Design News, Test & Measurement World and Packaging Digest. These brands have digital and print offerings, and hold lead positions in their markets. This transaction is expected to reinforce Canon’s leading position in the advanced manufacturing sector worldwide in exhibitions, publications, and digital media. Terms of the agreement were not disclosed.
The acquisition of the US assets has been completed, and the acquisition of the balance of the assets is expected to close in the near future after the completion of required legal processes.
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