- Thomson Reuters announced recently that it acquired FC Business Intelligence (FCBI). These are the details about the deal.
Thomson Reuters recently announced it acquired FC Business Intelligence (FCBI) — which is a global business-to-business events specialist FCBI is known for delivering high-end conferences and exhibitions to diverse sectors including energy, insurance, pharmaceuticals, transportation, travel, strategy, and technology. And its offerings help senior business professionals stay at the forefront of change through insight sharing and networking with peers.
Going forward, the business will be rebranded Reuters Events and will be operated as part of the Reuters News division of Thomson Reuters.
“This acquisition allows us to combine Reuters globally trusted brand, scale and editorial excellence with FCBI’s deep expertise in highly specialized events for professionals,” said Reuters president Michael Friedenberg. “As Reuters Events, they will help us to accelerate our growth and deliver on our mission to provide trusted intelligence that helps humans and machines make smart decisions. Moreover, this will create a new platform for our world-class journalism. I am thrilled that FCBI is joining Thomson Reuters.”
Reuters — which is the news and media division of Thomson Reuters — is the world’s largest multimedia news provider. Launched over 168 years ago, Reuters is committed to the Trust Principles of independence, integrity and freedom from bias. And with unmatched coverage in over 16 languages and reaching billions of people worldwide every day, it provides trusted intelligence that powers humans and machines to make smart decisions. Reuters supplies business, financial, national and international news to professionals via desktops, Reuters.com, and Reuters TV.
“We’re delighted to be joining the Reuters family, hugely excited by Michael’s vision for the future of Reuters Events and Reuters News and very much looking forward to the journey ahead,” added FCBI CEO Piers Latimer. “In combination, there is tremendous opportunity to move into new markets, new geographies and to further enhance the value we provide to customers.”
This transaction marks an exit for UK private equity business LDC. And the terms of the transaction were not disclosed.
