Reed Business Information-US has sold more of its trade publications. Canon Communications LLC announced that it has a definitive agreement to acquire four media brands serving the advanced design engineering sector in the United States, Asia, and Europe.
Included in the purchase from Reed Business Information-US are the worldwide assets of Electronic Design News (EDN), Design News, Test & Measurement World, and Packaging Digest. Canon said the acquisitions will reinforce its 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 was completed Tuesday, and the acquisition of the balance of the assets is expected to close in the near future after the completion of required legal processes.
Reed exited the media trade pub sector in December when it sold Broadcasting & Cable, Multichannel News and TWICE to NewBay Media.