Main » 2012»April»13 » ITE Group buys another Ukraine exhibition organiser
15:45
ITE Group buys another Ukraine exhibition organiser
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 Ukraine commented: "With the acquisition of the InterCHARM and Beauty Expo exhibitions, Premier Expo has strengthened its position as the leader of Ukraine’s exhibitions market. These two exhibitions will undoubtedly prove to be very important in our portfolio. For sector professionals and for the general consumer, beauty industry exhibitions have always been models of professionalism in terms of organisation and promotion. I am therefore confident that Premier Expo will be able to give a boost to the growth of the exhibitions’ reputation in both Ukraine and further afield.”
