ITE Group plc today announces an acquisition of a Kiev based Limited Liability Company BeautexCo (Beautex).

Beautex runs two exhibitions each year, Intercharm and Beautyexpo. Both are trade exhibitions for the professional beauty trade and cosmetic and aesthetic medicine industry in Ukraine. The exhibitions are forecast to generate revenues of €2.4m in the year ending 30 September 2012 and are expected to be earnings enhancing in ITE’s 2012 financial year.

Commenting on the acquisition, ITE’s Chief Executive Officer, Russell Taylor, said:
"The addition of these two exhibitions to ITE’s Ukrainian business is consistent with our strategy of building market leading positions in core markets and sectors and will complement ITE’s existing activities in Kiev. These events have strong market positions in Ukraine and will benefit from access to ITE’s expertise and international reach."

Anatoly Sushon, General Director of Premier Expo, ITE Group’s subsidiary in Ukra ... Read more »