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ITE Group Buys Platform Exhibitions |
 ITE Group Plc. (ITE.L) said it is acquiring Platform Exhibitions Inc., through its wholly owned Turkish subsidiary, E Uluslararasi Fuar Tanitim Hizmetleri A.S(EUF), from Mahmut and Ayse Er. The deal, which is financed out of the Group's existing balance sheet, is expected to be earnings enhancing in the first full year of ownership. The acquired business owns the Beauty Eurasia exhibition which serves the beauty, personal care and cosmetics industries in Turkey and the surrounding region. Beauty Eurasia is held in Istanbul in June each year and the 2013 exhibition, which was the 9th edition, sold over 8,000m2 net and was attended by over 21,000 professional visitors. ITE's CEO, Russell Taylor, said in a statement, "Beauty Eurasia is the leading beauty and personal care exhibition in Turkey. The addition of this exhibition to ITE's Turkish business is consistent with our strategy of building market leading positions in core markets and sectors. Click here to receive FREE breaking news email alerts for ITE Group PLC and others in your portfolio |
| Publishing date : 26 11 2013 |
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