ITE takes control of Expomedia in India

Twitter Facebook Google+ LinkedIn
International exhibition organiser ITE has taken control of Expomedia’s exhibition business in New Delhi in an attempt to get a strong foothold in India.The organiser acquired a 70 per cent controlling stake in Expomedia, with the remaining 30 per cent being held by Expo Fund, the previous Expomedia holding company. The new company will be based in Delhi, taking over the local office that Expomedia had there, retaining all the local staff. The acquisition gives ITE control of the Paperex and IMMM mining and metals exhibitions, which both moved from Noida to New Delhi last year. Expomedia retains management control of the India Expo XXI Centre, an eight-hall venue that opened in 2006.ITE’s regional director for Russia, Ukraine, India and Turkey, Stepehen Keane, told Exhibition News that ITE can succeed where others have failed. Several organisers, including Informa, have withdrawn from India after losing faith in the emerging market’s potential for success.“We know that historically, it’s not an easy place to work,” says Keane, “but we’ve got various relationships with some of the German Messes that have established a business there and we saw this as an opportunity to get a foothold in the market.“There will be consolidation and we have more skills in emerging markets than some of the other exhibition organisers. It’s what we’ve specialised in through Russia and the CIS market over the last 15 years.”ITE, which recently won the rights to organise the New Delhi-based oil and natural gas exhibition Petrotech, is currently in negotiations with Expo Fund over rebranding the holding and operating company. The company will not be able to trade under the moniker ITE India, as this company already exists, but “there will be an ITE stamp on it at some stage,” according to Keane. The ITE Group’s revenue for the three months to 31 December 2009 was £15.1m, down on the same period last year (£19.7m). A spokesman for the company attributed the drop to the economic crisis, adding that the Kazakhstan Oil and Gas Exhibition was the only one of the group's 10 most profitable events to take place during the period. However, even that experienced a decline in exhibition space sales of 23 per cent.
Twitter Facebook Google+ LinkedIn

Related Stories

Elsewhere on EN

Only one day left to get your EN Awards entries in

Only one day left to get your EN Awards entries in

Only one day left event profs! One day to make it count and enter your very best people, shows and companies into the 2017 EN Awards.
Movers & Shakers 18/01/16

Movers & Shakers 18/01/16

People moves at Inntel, Sodexo and BCD M&E and Zibrant Live!
Fast Forward 15 encourages future female talent to apply

Fast Forward 15 encourages future female talent to apply

Industry initiative Fast Forward 15 is looking for its third intake of mentees.

WATCH THE EN AWARDS 2016 HIGHLIGHTS


silverstream.tv

Most read Stories

EN Awards People Finalists revealed

EN Awards People Finalists revealed

The first group of the highly anticipated shortlist for the EN Awards has been announced, including Best Newcomer and Best Event Director categories.
Reactions from events industry following Britain’s vote to leave EU

Reactions from events industry following Britain’s vote to leave EU

As the UK has voted to leave the European Union with a 52 per cent majority result, EN has spoken to members of the exhibition and events industry, to gauge their initial reactions on the future of the UK and their businesses.
And the Show category finalists are...

And the Show category finalists are...

The final shortlist group for this year’s EN Awards has been announced, including Best Consumer Show Marketing Campaign, Best Brand Expansion and Best Trade Show.

Latest Features

The art of brewing

The art of brewing

If you’re having a dry January, look away. Thirsty ale lovers read on for a taste of the upcoming Manchester Beer and Cider Festival.
Last Word with Ed Tranter

Last Word with Ed Tranter

The managing director of MA Exhibitions on his ocean blue Gibson Les Paul, wanting a licence to kill and being pen pals with the Queen.
My Working Life by Thomas Standley

My Working Life by Thomas Standley

The managing director, Technology, CloserStill Media on being an Essex boy with a Suffolk twist, his love of cooking and having a potty mouth.

Latest Galleries

London Boat Show 2017

London Boat Show 2017

Award-winning British actress Joanna Lumley OBE was on hand when the London Boat Show officially opened to crowds at ExCeL London.
NHM’s last dance with Dippy

NHM’s last dance with Dippy

The Natural History Museum hosted a New Year celebration for 600 revellers to make history and be part of the final event with the iconic Dippy the Diplodocus in the Hintze Hall.
Christmas lunch at ExCeL

Christmas lunch at ExCeL

Mash Media, ExCeL London and Brand Events came together with other industry bodies to host a festive lunch across East End London for Newham communities.

Latest Opinions

30% of Confex exhibitors are NEW

30% of Confex exhibitors are NEW

The Confex Showfloor, always a hive of activity, colour and buzz, welcomes a host of new exhibitors bringing even more pizzazz with new and unusual venues and destinations from all over the globe.
10 years in the making

10 years in the making

As the association has gone from strength to strength over the last 10 years, Andrew Harrison, ESSA director talks achievements, expertise and knowledge.
The Dealmaker in January

The Dealmaker in January

Steve Monnington of Mayfield Media Strategies runs the rule over the latest global exhibition deals.