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Division includes Reed Construction Data, Canada
LONDON — Reed Elsevier has announced that it plans to sell Reed Business Information, the business-to-business publishing division that includes Reed Construction Data and all of its product lines.
Reed Elsevier chief exec Crispin Davis said the move was aimed at “reducing exposure to advertising markets and cyclicality,” enabling the Anglo-Dutch group to focus on its core business of “subscription-based information and workflow solutions.”
“RBI is a well-managed high-quality business as evidenced by the success of its online growth and the control of costs,” Davis commented.
No talks are yet underway with potential buyers, and no timetable has been laid out for the sale. “The precise method of divestment of RBI will be the subject of review in coming months,” said a company statement.
In 2007, RBI had revenues of £906 million ($1.76 billion), of which around 60 per cent comes from advertising and 30 per cent was earned online. Adjusted operating profit was $233 million.
Reed Construction Data, a division of Reed Business Information and the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information through a diverse portfolio of innovative products and services. Reed offers its customers building information modeling (BIM) solutions, construction project leads, building product information, construction cost tools, market analytics and construction news through a suite of online and print references — all valuable resources for architects, engineers, contractors, manufacturers, distributors and other professionals in the construction industry. For more information, visit www.reedconstructiondata.com or call 877-REED411.
Reed Business Information, a part of the Reed Elsevier Group plc (NYSE:RUK and ENL), is North America’s largest business-to-business information provider, with more than 80 market-leading publications, 55 Websites and a range of leading business-to-business services.
