Professional Adviser's parent company Incisive Media has sold its Insight division, which includes the Risk.net and Insurance Post brands, to French business-to-business (B2B) publisher Infopro Digital.
Incisive Media's Business division, which includes the Professional Adviser, Investment Week and Professional Pensions brands, is not affected by the deal.
The Insight division is a leading provider of professional information services for financial, risk, insurance and financial technology specialists.
"The acquisition will support Infopro Digital's digital transformation and international growth strategies," said Infopro Digital founder and executive chairman Christophe Czajka. "Following this acquisition, we will do nearly a quarter of our business on international markets."
"The Insight Group, the largest division of Incisive Media, has some respected and successful global brands," said Tim Weller (pictured), founder and chairman of Incisive Media.
"I am delighted Infopro Digital, one of Europe's most successful B2B publishers, has acquired them and is committed to further investment and development. I would like to thank all the staff for their loyalty, commitment and achievements over many years and wish them well and continued success."
The Insight Group, which has more than 350 employees across offices in London, New York and Hong Kong, brings Infopro Digital an international platform that will increase the company's total headcount to 2,700 worldwide.
Operating in high-growth markets, the Insight Group generates £40m in annual revenue and owns a portfolio of successful brands that includes Risk.net, Insurance Post, Chartis, and Waterstechnology.
The Insight Group, as part of Incisive Media, won the AOP (Association of Online Publishers) Digital Publisher of the Year Award for the third time in 2016.
Insight Group managing director Céline Infeld and her management team will join Infopro Digital. Infeld will also hold a seat on the Infopro Executive Committee, led by Infopro Digital CEO Julien Elmaleh.
Infopro Digital is one of France's leading professional information and services companies, with 2,400 employees and annual revenue of €300m (£259m).
The company develops products and services from software, databases and digital platforms to trade shows, conferences, training seminars and media to help its customers increase their revenue and boost their productivity and efficiency on markets crucial to the economy - construction, public sector, automotive, manufacturing, insurance and finance and retail.
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