BolognaFiere Cosmoprof has announced the acquisition of Health & Beauty Group, cementing its leadership in the professional beauty salon and nail sectors.
The company, a sector of BolognaFiere Group and organizer of the events of the international Cosmoprof network, is also extending into publishing and digital world with the acquisution.
The deal is reported to be finalised in October and will help Cosmoprof reach a total turnover of 90 million Euros.
Health & Beauty Group, based in Ettingen, Germany, has a portfolio of 30 trade magazines focused on the beauty industry with the group also organizing the Beauty Forum trade show brand, which is present in 14 countries.
According to a company press release, “Thanks to this acquisition, the Cosmoprof network enlarges its area of influence in key markets for the beauty industry in Central Europe, increasing business opportunities for more than 370,000 professionals and 7,000 companies attending the events of the group around the world.”