ITE, one of the world’s leading organisers of international exhibitions and conferences, today announces that it has entered into an agreement to acquire the business and assets relating to Mining Indaba from Euromoney Institutional Investor for £30.1 million, on a cash-free, debt-free basis and subject to normalised working capital
ITE Group plc today announces the proposed disposal of ITE Expo LLC (“ITE Expo”), the operating company for 56 of the Group’s Non-Core, regionally-focused, smaller events in Russia, to Shtab-Expo LLC (the “Purchaser) (the “Transaction”). These events comprise a significant proportion of the Group’s Non-Core assets in Russia. This disposal is a major step in delivering a key pillar of the Group’s Transformation and Growth (TAG) programme to focus on must-attend International events by actively managing its portfolio.
ITE Group plc today announces it has sold its 75% stake in ECMI ITE Asia Sdn. Bhd. (“ECMI”), a Malaysia-based events business, and related assets in Indonesia to UBMMG Holdings Sdn. Bhd., a subsidiary of UBM plc which recently became part of the Informa Group, for a cash consideration of MYR 15m1 (c. £2.8m*). This disposal is in line with the Group’s Transformation and Growth Programme (the “TAG Programme”).
Press release: ITE Group plc today announces that it has entered into a conditional agreement to acquire Ascential Events Limited from Ascential plc, based on an enterprise value of £300 million (calculated on a cash-free debt-free basis and subject to normalised working capital).
Press release:. ITE Group plc today announces that it has sold TradeLink ITE Sdn. Bhd., the owner of Metaltech, the metalworking exhibition in Malaysia, to UBMMG Holdings Sdn. Bhd., a subsidiary of UBM plc for a total cash consideration of MYR 23 million (£4.2m)1. The total consideration will be payable upon completion and the proceeds will be reinvested into the Group
ITE Asia has acquired a 70% stake in the organiser of the Fastener Expo in Shanghai and Guangzhou.
Fastener Expo Shanghai is an annual event held at the Shanghai World Expo Exhibition & Convention Center. Fastener Expo Guangzhou, was launched in 2013 and has just held its third edition at the Guangzhou Poly Trade Expo Center
ITE’s subsidiary Airgate Holdings has acquired a 31.7 per cent share of Mumbai-based ABEC Exhibitions and Conferences, taking its overall share to 60 per cent
Revenues for FY 2015 are expected to be circa £136m (2014: £174m). On a like-for like basis this represents a decrease of 14%
ITE Group has announced its third-quarter dip in profits are in line with expectations, as the company prepares to take a majority stake in one of India’s largest privately owned exhibition organisers.
ITE Group has acquired 50.1% of a portfolio of events including Africa Oil Week
Once the takeover has been completed, the joint venture will be called ITEMF Expo AO. Comtrans and Autotrans are important events in Russia for commercial vehicles, buses and special vehicles.
The ITE Group has acquired the India-based Entertainment Technology portfolio from Diversified Communications, as a welcome diversification from ITE’s dependence upon Russia
Clarion, organiser of more than 200 leading events worldwide, has been sold to global asset management firm Providence Equity
Exhibitions company ITE has bought rival trade show operator Breakbulk for $42m, as it steps up its efforts to diversify and reduce its dependence on Russia, which it relies on for 60 per cent of revenues
ITE Group plc, (“ITE”) the international exhibitions group, today announces that its wholly owned subsidiary, ITE Enterprises Ltd, has acquired Breakbulk Holdco UK Ltd and its subsidiary companies from Electra backed, AXIO Data Group for a maximum consideration of $42m
Judging by the share price, you’d assume exhibition organiser ITE was in crisis. In fact it’s just reported a record (adjusted) profit. The company is weathering a geopolitical storm, but it’s faced challenges like this before
In an RNS today ITE Group plc today announced that its wholly owned Turkish subsidiary, EUF, has signed a binding agreement to acquire 100% of the shareholding of TFF including Eurasia Rail exhibition
TE has reported revenues of £175m (2013: £192m), and record headline profits before tax of £60m (2013: £59m) for the 2014 financial year
Trade exhibition and conference organiser ITE Group Plc, hit by a plunging Russian rouble and political upheaval in Ukraine, is looking elsewhere for growth, its CEO told Reuters last week
In an Pre-Close Trading Update ITE reported this morning that following a better than expected trading performance in Q4 and good cost control, headline profits before tax for FY 2014 will be ahead of current consensus
