The Railway Industry Association (RIA), the voice of the UK rail supply community, has today announced that it has completed an acquisitions purchase agreement with the owners of well-known media business and profile-raising platform Rail Business Daily (RBD), to acquire a number of RBD assets, including the Rail Business Daily newsletter, the monthly magazine Rail Director, and the RBD Community.
The agreement sees RBD retain its advisory and marketing services businesses along with Rail Recruiter, all of which will be rebranded, and will continue to work closely with RIA’s newly-acquired assets.
Darren Caplan, RIA Chief Executive, said: “We at the Railway Industry Association are excited to be acquiring RBD assets which include the widely-read RBD Daily newsletter and Rail Director magazine, and the RBD Community. The acquisitions will enable RIA to grow its reach and augment our ability to do even more to help develop a bigger and better UK rail supply sector in the coming years.
“RBD’s Chairman David McLoughlin, its Chief Executive Simon Taylor, and the RBD team, have done an impressive job to develop a strong instantly-recognisable brand, and attractive, professionally-designed, media and communications channels and platforms, including excellent content. The acquisition will ensure the wider rail supply community continues to get first class intelligence and features on what’s going on around the sector whilst also providing RIA and RBD Community members with new benefits, which will be announced in due course.
“As part of the acquisition we are delighted to welcome into the RIA family Dean Bruce as MD of the newly acquired assets, along with other talented members of the RBD media and Community teams. All of us in Team RIA look forward to working with and integrating with them in the months ahead.”
David McLoughlin, Chairman of RBD, said: “When Simon [Taylor] and I came up with the idea for Rail Business Daily we always knew that at some point in time we would want to pass the business baton over to an industry partner that could take our ideas away and make them bigger, better and stronger. In RIA we believe we have found that perfect partner.
“There is no doubt about it that the two brands are stronger together and the positive power that RIA will bring will help to take the media business and the RBD Community to a completely different level. We would like to thank RIA Chief Executive Darren Caplan and Chairman David Tonkin for their pragmatism and professionalism in working with us on this deal and we wish RIA and RBD every success together in the future.
“We also look forward to continuing to work with our advisory, marketing services and recruitment customers who, thanks to the generosity of the RIA leadership team, will still have access to RBD media products – enabling us to deliver the same great service in exactly the same way.”