Friday, January 16, 2015

ITE acquires transport shows from AXIO Data

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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