Today we are pleased to announce the acquisition of Shoptalk
, two US-based market leading events focused on e-commerce for the retail, grocery and consumer packaged goods industries, for a total consideration of $145m on a cash free, debt free basis.
The addition of these two brands to Hyve is consistent with our product-led strategy of creating the world’s leading portfolio of content-driven, must-attend events that deliver outstanding experiences and ROI for our customers.
Shoptalk is the leading e-commerce event in the US and the fast growing Groceryshop is already the leading grocery e-commerce event. Both events were established and are led by Anil D. Aggarwal and Simran Rekhi Aggarwal, who also founded and led Money20/20, and are held annually in Las Vegas. They focus on developing innovative, content-led events supported by bespoke technology developed to support their Hosted Meetings offering.
Mark Shashoua, CEO of Hyve, commented:
“I am very pleased to announce the acquisition of two truly market-leading events, Shoptalk and Groceryshop. This acquisition continues our evolution into a best in class portfolio of market-leading events. We see multiple areas of growth from these events, including future geo-clone opportunities and leveraging their best of breed hosted buyer strategy, using their bespoke software on selected Hyve events.
Anil and Simran have a strong track record of building world class events and I look forward to working with them again as we integrate these incredible events into our portfolio.
This acquisition delivers on our vision to create the world’s leading portfolio of content-driven, must-attend events that provide an outstanding experience and return on investment for our customers.”
Anil D. Aggarwal, Founder of Shoptalk and Groceryshop, commented:
“Shoptalk and Groceryshop are widely regarded as the best conferences in the retail, grocery and consumer packaged goods industries, and have established influential new standards for the events industry in areas ranging from ground-breaking original content to unprecedented networking programs. Hyve is the only new home we considered for these events because it shares a common culture and approach to investing and developing products that consistently exceed customer expectations. Hyve’s global portfolio of market-leading events will provide the best platform for growth for our events in the long term.”
Shoptalk was launched in May 2016 and focuses on the growing e-commerce segment that is disrupting the $4
trillion US retail industry and which has created a need for content-rich, change-focussed events. There is a proven scope for geo-clones following the successful staging of Shoptalk Europe in 2017.
Groceryshop was launched in the US in 2018 and is aimed at the $1 trillion US food and grocery segment.
Both events are market-leading shows that are considered “must attend” in their markets with a customer centric approach delivering high customer satisfaction. The high-quality content programmes in both events feature industry-leading keynote speakers and four to six tracks of content providing choice for attendees, bringing together the community of e-commerce change-makers to discuss the future of the industry.
For further information please contact:
|Hyve Group plc
Mark Shashoua, CEO / Andrew Beach, CFO /
Melissa McVeigh, Group Director of Communications
+44 (0)20 3545 9000
|Numis (Sole Broker and Sole Bookrunner)
Nick Westlake / Matt Lewis / Hugo Rubinstein / Will Baunton
+44 (0)20 7260 1000
Charles Palmer / Emma Hall / Chris Birt
+44 (0)20 3727 1000