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Arena Group acquires Hong Kong's Ironmonger Marquees

Acquisition to help London-headquartered company expand Asian footprint in preparation for 2020 Olympic Games

Pictured: Rob Derry, Arena Hong Kong managing director

Event supplier Arena Group has expanded its Asian footprint with the purchase of a Hong Kong-based event production company, Ironmonger Marquees.

The global supplier, with headquarters in Wimbledon, said the acquisition would help it service the growing demand in Hong Kong while also increasing its presence in North Asia in preparation for the Olympic Games Tokyo.

The deal means Arena Hong Kong is now the biggest event design and delivery business for major events by market share in Hong Kong. The company will be managed by Rob Derry.

Consolidated accounts for AES Arena Event Services Group Holdings show a pre-tax loss of £2.6 million for the year ended 31 December 2015.

Paul Berger, CEO of Arena Middle East and Asia said: "We are delighted to welcome Rob and the Ironmonger team to the Arena Middle East and Asia division and also to the Arena Group. Hong Kong is an important marketplace for the events industry and strategically very important for Arena Group to have a strong presence. Our focus is to grow our footprint in North Asia, as the region builds up to hosting the Olympic Games in 2020."

The acquisition was sparked after collaborative work between the companies, for the Art Central project last year.

Tom Evans, managing director of Arena Asia, said: "We worked very well together, identifying a shared ethos of giving our clients the best possible event space. Arena Middle East and Asia Tents Arena work hand in glove serving the growing events market in North Asia and identified Ironmonger as an ideal acquisition to help grow the Arena brand in the region."

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