Canon in talks to acquire Reed trade publications
By Sean Callahan
Los Angeles—Canon Communications is in talks to acquire several trade publications from Reed Business Information U.S., according to multiple industry sources.
The publications in the deal may include Control Engineering, EDN, Design News, Packaging Digest and Test & Measurement World. These publications may fit with Canon Communications' trade shows, such as Electronics West, PlastecWest and WestPack.
Canon, which is one of the few larger business information companies acquiring in the current economic climate, bought three Canadian events in October: PACKEX, a packaging industry event, and Plast-Ex and EXPOPLAST, two plastics industry shows.
Reed Business Information U.S. is a unit of Reed Elsevier, which has said it is divesting its controlled-circulation business publications.
A spokesperson for Reed Business Information declined to comment. Canon Communications also declined to comment immediately.