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WorldEvents and UniversalProcon to Merge
We are pleased to announce an exciting new development – the imminent merger of UniversalProcon and WorldEvents.
In November 2010, WorldEvents was acquired by United Drug, which already owned UniversalProcon. Following a strategic review process it has been agreed by the Boards of both businesses that the two companies will merge as of March 1. It is believed the merger will create the largest global event management business specialising in serving the healthcare sector. The combined turnover of the company, to be known as Universal WorldEvents, will be close to $150m. It will have 250 employees located in offices in the U.S., U.K., Netherlands, Germany, France, Italy, Hong Kong and Singapore. In the previous 12 months, the companies managed over 1100 meetings and events in over 45 countries.
Clients will benefit from the increased global reach of the new merged business – which although operating internationally, will offer local knowledge and deliver a personal service right across the globe. The objective will be to expand the global footprint further - only last week it was announced in Italy that WorldEvents has opened an office in Rome.
Universal WorldEvents will develop the services currently offered by each business – including venue finding and travel.
The business will be backed by the financial strength and wider healthcare experience of United Drug, with Universal WorldEvents sitting amongst an array of complementary businesses forming United Drug’s Sales and Marketing Services (SMMS) Division, all offering bespoke services to the healthcare sector. The company will operate in the U.S. out of offices in Ivyland, Indianapolis and Orlando.
The two companies teamed up mid-way through 2010 to contend for and eventually win a major global healthcare opportunity and got to know each other well during the process, recognising there was a good cultural fit. The client remarked that the alliance, as it was then, was a highly imaginative initiative and one that was bound to be extremely well received by the pharmaceutical industry at large.
It has been agreed jointly by both Boards that Graham McIntosh (UniversalProcon’s current Managing Director) will become Managing Director of Universal WorldEvents. Martin Parry of World Events will remain on the Board and retain key client relationships as well as having strategic project responsibilities, at a United Drug Divisional level, reporting into SMMS Managing Director, Chris Corbin. Other key positions that have been announced to date are that Mark Saxby will be Sales & Marketing Director, Andrew Winterburn, European Development Director and Jeremy Wilson, Finance Director.
WorldEvents is an international meeting and event planning agency, headquartered in the U.K. Founded in 1986, the company has over 140 full time staff with additional offices located in the U.S., Netherlands, Switzerland, Italy, Germany and Hong Kong with a turnover in excess of $60m. The company provides a full logistics and event management service as well as a full event communication service. It provides creative solutions for event themes and logos, stage set designs, production and AV from small events right through to major product launches and conferences. For more information, go to www.worldevents.com.
UniversalProcon is a leading transatlantic event management company established for more than 30 years and acquired by United Drug in 2008. It is the largest provider of healthcare meetings and events in the UK operating from two locations and has a further three office locations in the US. The UniversalProcon Group is made up of UniversalProcon Ltd, Air Travelworld Ltd, UCIT Holding Ltd, UniversalProcon Inc. and GET US LLP which provides DMC services across North America.
About United Drug Plc
United Drug is a leading international provider of services to healthcare manufacturers and pharmaceutical retailers, with operations in the UK, Ireland, Holland, Belgium and the USA. The company operates across four divisions, Pharma Wholesale, Supply Chain Services, Medical & Scientific and Sales and Marketing Services.
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