News this week: Exhibition organiser ITE Group announced the
acquisition of a 50% stake in the exhibitions series Cosmobeauté and Lab from Malaysia-based ECMI Trade Fairs (ECMI) for an undisclosed
sum.
As part of the deal, the two companies will establish a
joint venture company, ECMI ITE Asia Sdn Bhd, to develop new exhibitions to serve
the ASEAN region – focusing particularly on Indonesia, Vietnam and Myanmar.
Russell Taylor, CEO of ITE, commented, “I am delighted to be
joining forces with ECMI to further extend ITE’s regional reach. Our success of
developing international standard events in growing and emerging markets,
combined with ECMI’s local expertise makes this an exciting partnership in one
of ITE’s focus regions.”
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