ITE disposes of 75% holding in ECMI ITE Asia Sdn. Bhd to UBM (Informa)

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”).

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ITE to acquire Ascential’s events division

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).

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ITE disposes of Malaysian business to UBM

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

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ITE acquires Fastener Expo in Shanghai and Guangzhou

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

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ITE buys Breakbulk

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

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ITE is down but far from out

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

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