4th Jul 2006 07:00
ITE Group PLC04 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 theacquisition 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 andhousehold chemical industries. As part of the ITE portfolio, the exhibitionswill benefit from the Group's strong presence in the Moscow exhibition market aswell as the Group's international sales and marketing organisation. The acquisition is consistent with ITE's strategy of developing its presence inits core markets through a combination of organic growth and the selectiveacquisition of complementary exhibitions. ITE Chief Executive Officer, Ian Tomkins said; "The exhibitions we have acquired are well established and supported by theindustries in which they operate and have further potential to grow under ITE'sstewardship. This acquisition complements and strengthens ITE's exhibitionportfolio in existing industry sectors." ENDSEnquiries: Ian Tomkins, Chief Executive Charlie Palmer/Kim MuckleITE Group plc Tel: 0207 596 5000 Financial Dynamics Tel: 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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