Latest News

Back to Latest News back

 

UK Competition Authority clears planned merger between AEG Facilities and SMG

UK Competition Authority clears planned merger between AEG Facilities and SMG
September 12, 2019

The UK’s Competition and Markets Authority has announced that it has cleared the proposed merger between global entertainment giants AEG Facilities and SMG.

Announced in February, the merger will create a new, standalone global facility management and venue services firm, called ASM Global.

Bringing together with more than 310 venues across five continents, ASM Global will operate a portfolio of arenas, stadiums, convention centres and performing arts centres.

SMG owner Onex and AEG’s subsidiary will each own 50% of the company following the completion of the merger.

ASM will be headquartered in Los Angeles in the USA, but will also maintain key operations at SMG's current base in West Conshohocken, Philadelphia, USA.

Current President of AEG Facilities Bob Newman will be named President and Chief Executive of ASM following the completion of the transaction, while Wes Westley, Chief Executive and President of SMG, will join ASM’s Board of Directors.

Welcoming the UK Competition Authority's announcement, AEG spokesperson Michael Roth advised "we are pleased that the proposed merger of AEG Facilities and SMG has received unconditional clearance from the U.K. Competition and Markets Authority."

Roth added that the parties now "anticipate closing the transaction in early October".

Related Articles

10th September 2019 - Dubai’s Coca-Cola Arena becomes a significant venue on the global events circuit

21st August 2019 - ICC Sydney and partners showcase First State Super Theatre

13th June 2019 - AEG partners with CJ Group to advance new Seoul Metropolitan Arena

26th April 2019 - Darren Burden named SMG’s Project Executive Director for Hong Kong Kai Tak Sports Park project

11th April 2019 - Leading global promoters Frontier Touring and AEG announce strategic joint venture

11th April 2019 - AEG Ogden announces key appointments and team promotions

19th February 2019 - AEG Ogden to manage Christchurch’s Te Pae convention centre

11th February 2019 - AEG Ogden Chairman Harvey Lister excited at being part of new ASM Global venues business

8th February 2019 - AEG Facilities and SMG announce merger to create global venue management giant

19th May 2017 - AEG Facilities accounts for 50% of ticket sales in top 10 global arenas

30th January 2017 - AEG Facilities sell more than 12 million tickets worldwide during 2016

11th August 2016 - AEG Facilities launches Global Solutions Division

5th November 2009 - Spotless and SMG Unite in Bid to manage Perth Arena


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

VLOCKER

Vlocker Pty Ltd has been designing, manufacturing, installing and servicing locker systems worldwide since 1995. Vlocker specialises in providing locker solutions to suit client requirements in…

read more

Aquatics / Attractions / Safety / Security / Venues

 
 

SeatGeek Asia Pacific

SeatGeek is a search engine and mobile-focused ticket marketplace that allows fans to buy and sell tickets for live events. As of August 2018, SeatGeek has exited the Australian, New…

read more

Entertainment / Sport / Technology / Ticketing / Venues

 
 

Clubware

Clubware’s online gym software is not your run of the mill management system. It has been carefully designed to incorporate all the elements that a fitness club would need. How did we do that?…

read more

Access / Billing / Fitness / Recreation

 
 

GreeneDesk

Track. Engage. Retain GreeneDesk is a suite of cloud based software solutions helping health clubs, leisure centres and swim schools to effectively track progression, improve customer engagement and…

read more

Aquatics / Billing / Education / Fitness / Technology

 
 

HTS Group Ltd

HTS Group Ltd provides a complete design, system integration, installation and maintenance package to the transportation, traffic engineering, parking and sports timing industries in New Zealand,…

read more

Aquatics / Events / Sport / Technology

 
 

Hydrocare Pool Services

Hydrocare Pool Services Pty Ltd offer 25 years of experience in aquatic industry features, products and water treatment. Hydrocare Pools has undertaken water treatment for aquatic centres and…

read more

Aquatics / Attractions / Play / Recreation / Technology

 
 

HQH FITNESS

HQH Fitness is an international company that specialises in improving the health, fitness and wellness of people everywhere. We are the South Pacific distributors for Total Gym/GRAVITY Education and…

read more

Fitness / Recreation / Technology / Wellness

 
 

PlayRope

Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…

read more

Aquatics / Attractions / Parks / Play / Recreation

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business