The global information and publishing group Reed Elsevier, yesterday made a major acquisition strike, by acquiring three Australian companies, which provide tender information to firms wanting to win a slice of the $40 billion worth of contracts awarded each year.
Reed Elsevier, a A$15 bn company based in London has several companies in Australia operating in the business-to-business information environments of legal, science, education, health, finance and construction.
Through its construction information division Reed Construction Data (formerly Cordell), Reed Elsevier has acquired Australian Tender Centre, Tenderseek.biz and TTiGroup.
According to Reed Construction Data, mostly for competitive reasons, the number of firms awarding contracts for goods and services through the tender process will increase significantly in the years ahead. And Reed Construction Data wants to share in that growth through the provision of vital bidding information. Reed Construction Data’s new businesses are well established firms and well placed to make the most of this growth opportunity.
The Australian Tender Centre, Tenderseek.biz and TTiGroup acquisitions will consolidate Reed Construction Data’s position as Australia’s leading provider of market intelligence and bring to fruition a growth and diversification strategy that the company embarked on some time ago.
According to the General Manager of the new group, utilising expertise gained over 35 years in data capture and dissemination, Reed will provide its customers with more dynamic information, increasing their chances of success in the bidding market.
Through acquisitions of Australian Tender Centre, Tenderseek.biz and TTiGroup, Reed Construction Data will be offering new web-based software that will deliver timely and more relevant tender intelligence than is currently on the market.
Australian Tender Centre, Tenderseek.biz and TTiGroup will continue to trade from their present locations in Melbourne and the Gold Coast, offering tender information covering all of Australia and New Zealand. They will operate under the name of Reed Information Services.
Recently, Reed Elsevier acquired a similar tender notification business in Italy.