Industry Dive to sell to U.K.-based events firm Informa

Industry Dive, a Washington, D.C.-based business media company, has signed an agreement to be acquired by Informa, a publicly-traded events and publishing company, for an enterprise value of $525 million, a source familiar with the deal told Axios.It's a great outcome for Industry Dive, which has grown its business to over $100 million in annual revenue over the past 10 years.The deal values Industry Dive at a cash value of $389 million, according to the source.

Roughly 380 people work at Industry Dive, with around 115 of those employees working in editorial roles. All employees will remain as part of the deal. Industry Dive's newsletter products span 24 industries, including retail, food, supply chain and marketing.

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