The global group has bought Ithaca Holdings from its management and NVM Private Equity for £14.25 million cash.

The purchase was made through UBM’s business information division, CMP information. The deal will add Ithaca’s portfolio, which comprises six B2B and related media events, to CMP’s operations.

CMP Information chief executive Gary Hughes said: “This acquisition builds and broadens CMPi’s media portfolio in a number of our existing B2B markets, adding a complementary event component to our offering in each of those B2B communities.”

Ithaca’s portfolio comprises three trade exhibitions – Internet World, Leisure Industry Week and Service Management Europe, and three smaller events – London Calling, Triple I and SALTEX.

UBM is listed on the FTSE 250 and has a £1.8 billion market cap.