News this week: Last month, international exhibition
organiser, ITE Group plc, acquired the Breakbulk series of
exhibitions and related media from AXIO Data for a maximum consideration of US$42 million.
Breakbulk events
are held annually in Houston, Antwerp, Shanghai, Johannesburg, Istanbul and Sao Paulo, serving the transport and logistics equipment market for large-scale
projects. A print and digital magazine for the global breakbulk community will
also be included in the deal. The current management team will remain with the
business.
ITE’s CEO, Russell
Taylor, said, “ITE is continuing to build businesses in strategically important
industry sectors and the acquisition of Breakbulk increases our presence in the
global transport and logistics sector. This complementary move represents
progress in achieving the Group’s ambitions to expand its operations in markets
and geographies with further potential for growth as well as continuing to
diversify the geo-political risk in our portfolio.”
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