ITE Group PLC
04 July 2006
4 July 2006
ITE Group plc
Acquisition of exhibitions strengthens Moscow events portfolio
ITE Group plc, the emerging markets exhibitions specialist, announces today the
acquisition of two B2B trade exhibitions from the Russian exhibition organiser '
PIK Maxima'. The acquired business has no gross assets.
The two Moscow based exhibitions are the leading events for the cleaning and
household chemical industries. As part of the ITE portfolio, the exhibitions
will benefit from the Group's strong presence in the Moscow exhibition market as
well as the Group's international sales and marketing organisation.
The acquisition is consistent with ITE's strategy of developing its presence in
its core markets through a combination of organic growth and the selective
acquisition of complementary exhibitions.
ITE Chief Executive Officer, Ian Tomkins said;
'The exhibitions we have acquired are well established and supported by the
industries in which they operate and have further potential to grow under ITE's
stewardship. This acquisition complements and strengthens ITE's exhibition
portfolio in existing industry sectors.'
Ian Tomkins, Chief Executive Charlie Palmer/Kim Muckle
ITE Group plc Tel: 0207 596 5000 Financial Dynamics Tel: 020 7831 3113
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