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 Several organisers, including Informa, have withdrawn from India after losing faith in the emerging market’s potential for success.“We know that historically, it’s not an easy place to work,” says Keane, “but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

Entry is open for EN30/30 2017!

Nominations for this year’s EN Thirty Under 30 are now open, as EN looks to recognise the most talented individuals involved in the exhibition industry aged under 30.

Students: Pests or guests?

It’s a question all organisers have to address – what should my show’s relationship with students look like?

AEO and SISO launch Independent Organiser Network

The Association of Event Organisers (AEO) and the Society of Independent Show Organizers (SISO) have entered into a reciprocity agreement following a meeting between their members last month.

Elsewhere on EN

Entry is open for EN30/30 2017!

Entry is open for EN30/30 2017!

Nominations for this year’s EN Thirty Under 30 are now open, as EN looks to recognise the most talented individuals involved in the exhibition industry aged under 30.
GES to tackle charity bike race

GES to tackle charity bike race

Over the bank holiday weekend nine GES employees will be attempting to cycle the 350 miles from Amsterdam to Coventry in aid of the Help Harry Help Others charity.
Thorns secures Boat Show contract

Thorns secures Boat Show contract

Nationwide events and exhibitions hire contractor Thorns has secured a new three-year contract with Britain’s biggest boating festival, Southampton Boat Show.

EN Awards Highlights

silverstream.tv

Most read Stories

And the #ENAwards finalists are…

And the #ENAwards finalists are…

The countdown timer has run out. After weeks of companies submitting award entries and sweating over it, there is just one thing left to do before the big night: Announce the shortlist.
RDS launches RDS Venue brand

RDS launches RDS Venue brand

Philanthropic organisation the Royal Dublin Society (RDS) has announced that RDS Venue will be launched as a separate visual identity from the main RDS brand.
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.

Latest Features

Students: Pests or guests?

Students: Pests or guests?

It’s a question all organisers have to address – what should my show’s relationship with students look like?
Flying the nest

Flying the nest

Ever thought about going freelance? Do you have what it takes to go solo? Three event professionals tell EN their stories of building their own businesses.
Spreading the word

Spreading the word

With Global Exhibitions Day just a couple of months away, EN asks what three global exhibition associations are doing to celebrate this year.

Latest Galleries

drp's Interactive Expo

drp's Interactive Expo

drp worked with The British Army in Education to produce an interactive exhibition stand at the national Big Bang UK Young Scientists & Engineers Fair on 15-18 March 2017 at the NEC.
Grand Designs Live 2017

Grand Designs Live 2017

The 13th edition of Media 10’s Grand Designs Live returned to ExCeL London from 29 April to 7 May, featuring more than 500 exhibitors across six key sections. Grand Designs star Kevin McCloud one again hosted the nine-day exhibition.
Insomnia60

Insomnia60

Over 50,000 video game fans from across the country descended on Birmingham’s NEC on 14-17 April for Insomnia60, the UK’s largest gaming festival.

Latest Opinions

Show or tell?

Show or tell?

Roopi Woodall, marketing manager at the QEII Centre, asks if the art of conversation on social media is dead – and how to engage with audiences if that’s the case.
You get what you ask for

You get what you ask for

Sue Berry, managing director at TimelessTime Ltd, discusses the importance of people metrics and measurable objectives.
The Anti Cyber Attack Checklist

The Anti Cyber Attack Checklist

Following the global cyber attack on 12 May, event tech supplier RefTech has compiled a checklist for individuals and companies to follow to help them reduce the risk of future attacks.