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Exhibition Specialists ITE Group plc. Acquires 50% share of Indonesian Building Exhibition
ITE Group plc. has further expanded its reach in South-East Asia, following a 50% acquisition of the Indobuildtech Expo events portfolio in Indonesia.
The Indobuildtech portfolio currently consists of 5 events throughout Indonesia. The largest of which is Indobuildtech Jakarta, held annually in June in the country's capital. Other events in the series include Surabaya, Bandung, Makassar and Bali.
The Jakarta event alone, attracts over 33,000 annual visitors and consists of approximately 12,000m2 of exhibition space.
Joining forces with current event owners PT Debindo Unggul Buana Makmur (DUBM), the partnership will ensure ITE continue to deliver well-organised, market leading events for their customers as well as strengthening their market position in South-East Asia's largest market- Indonesia.
Indobuildtech Expo will join the ITE Build & Interiors portfolio, which includes events such as MosBuild (Moscow), Yapi - Turkeybuild (Istanbul), KazBuild (Almaty) BakuBuild (Baku) and Acetech (Mumbai).
ITE's Director of Build & Interiors, Stephen Keen comments "This is a welcome addition to our portfolio. The events are well-organised, established, respected and operate in a rapidly developing market. I am also delighted that the original shareholders are staying with the business and we're looking forward to developing the partnership to continue improving and growing the Indobuildtech Expos."
The next edition of Indobuildtech Jakarta, will take place on 11 to 15 June 2015 at the Jakarta Convention Center, Indonesia.
For further information, go to www.buildingshows.com and www.ite-exhibitions.com.
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