The Mark Allen Group’s MA Exhibitions company has announced, for an undisclosed sum, the acquisition of Sixth Continent Holdings, owner of The Moodie Davitt Report, a leading media, events and business intelligence player in the global travel retail and airport commercial revenues sector.
Co-owners Martin Moodie and Dermot Davitt will be continuing to manage the business under the new ownership.
Founded in 2002, the Moodie Davitt Report covers all aspects of the global industry eco-system from travel retail to dining, advertising to foreign exchange, plus other airport commercial revenue streams.
The company owns and runs three major annual global events: The Trinity Forum, The Airport Food & Beverage (FAB) + Hospitality Conference & Awards, and The Moodies Social & Digital Media Awards.
The Moodie Davitt Report also partners and manages many other industry events around the world. The company will now be incorporated in the Mark Allen Group under a new division, MA Travel Retail.
Mark Allen Group has a strong presence in airports and aviation, including Ground Handling International and Aircraft Interiors and says it will be seeking synergies across the titles.
Group executive chairman Mark Allen (pictured) said: “It is exceptionally rare to find such a brilliant business as this. Over recent years, the company has enjoyed exceptional growth.
“Extraordinarily, it even made a very good profit in 2020, the height of the pandemic.”
Martin Moodie added: “I have poured my heart and soul into this business over the past 22 years and am thrilled that this agreement with another family company will both protect and grow that legacy. Together we will take the business to exciting new heights.”
