T&F Informa has purchased ESI International's parent company,
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Wednesday, 06 July 2005
ESI's parent company, IIR, has been sold to T&F Informa (TFI),
the leading international provider of specialist information for
the academic, professional and business communities.
The owner of IIR, Lord Irvine Laidlaw, decided to sell his stake
in the company to devote more time to his commitments in the House
of Lords and his extensive charitable work. The process of securing
a buyer was conducted over six months and has now been successfully
completed with the selection of TFI from a group of several potential
"ESI is very pleased to become part of T&F Informa," says John
Elsey, President of ESI. "Our business is highly complementary with
TFI and this merger will undoubtedly allow us the support and additional
resources needed to continue to grow our business and to even more
effectively service our many clients and customers around the world."
The acquisition of IIR should add significantly to TFI's events
business, provide immediate critical mass in the customised performance
improvement market, substantially expand TFI's existing North American
presence and further expand its geographical reach into emerging
Commenting on the acquisition, Peter Rigby, T&F Informa's Chief
Executive, said: "We expect the acquisition of IIR to significantly
enhance earnings. We are acquiring a complementary business, which
is well established in growing market sectors and which is highly
cash generative. I look forward to welcoming the employees of IIR
into the newly enlarged T&F Informa Group."
ESI International is the leading provider of project management
training. Since 1981, ESI has been helping Fortune Global 500 companies
build talent and drive results. ESI's services include public classroom
training in more than 65 cities worldwide, on-site training, e-training
and consulting. With ESI's flexible approach to training, clients
can create a unique, customised solution for their specific needs.
To date, the ESI Professional Development Programs have benefited
750,000 professionals from 100 countries.