Integrated events group, GL evens has announced the acquisition of a 69% stake in East West Small Animals Clinical Veterinary Surgeons Conference (WESAVC), organiser of China’s leading exhibition of veterinary equipment for companion animals.
The founders retain a 31% stake in the company which organises a major event for the pet veterinary industry in Xiamen, covering equipment, developments in veterinary industry technologies and conferences on specialised topics. Each year, this event attracts more than 1,000 exhibitors over an area of more than 50,000sqm.
WESAVC employs approximately 40 people and generates sales of around €6m, with an operating margin of nearly 30%. The company will be consolidated in May 2025.
This acquisition will contribute to GL events’ strategy for developing the fast-growing animal health sector which offers significant growth potential in China and internationally. It will also boost the Group’s technological synergies and resources in the healthcare sector while reinforcing the ability of its subsidiary GL events Live Shenzhen (ZZX) to deliver its services.
Photo: Olivier Ginon, GL events CEO
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