ITE has announced the acquisition of a 75% stake in the Malaysian based organiser, Trade Link ITE Sdn Bhd.
Trade Link’s annual events include “Metaltech”, “Automex” and “Weldtech”, all of which run concurrently in May at Kuala Lumpur’s Putra World Trade Centre. Together, they are Malaysia’s leading exhibitions in the growing sector of machine tool technology and metal fabrication. Trade Link also run South East Asia’s largest dedicated event for woodworking, “ASEAN Woodtech”.
ITE’s CEO, Russell Taylor, commented. “This acquisition is a strategic move for ITE into the South East Asian exhibition market. Trade Link operates some of the region’s key events in our strongest sectors which are expected to realize good growth in the future.
“We are very pleased to have retained the services of Albert Lai who created these exhibitions and we will be working closely with him to grow them.”