Friday, July 25, 2014

Reed forms new Indian JV

News this week: Last week, Reed Exhibitions announced a joint venture (JV) agreement was penned with Bangalore-based Triune Exhibitors Pvt Ltd to form Reed Triune Exhibitions Private Limited. The establishment of Reed Triune Exhibitions will join a growing list of JVs in India for Reed which includes New Delhi-based Reed Manch and Reed SI.

The new JV company will be based in Bangalore, and initially focus on the internationalisation of existing show, AMTEX (Asian Machine Tools). AMTEX is held concurrently at New Delhi’s Pragati Maidan together with Triune’s other industrial-focused trade shows – ELASIA (Power, Electrical & Industrial Electronics) and Automation Asia.

Mr Dan Londero, regional president of Reed Exhibitions, said, “The formation of this joint venture allows us access to the manufacturing sector in India which is a core competence for Reed internationally. It also gives us a valuable foothold into the important southern regions of India via our office and team in Bangalore. We firmly believe that the way forward for Reed in India is via a network of experienced and reliable local partnerships and I look forward to working with Cyril and the team as we develop the business for the future.”

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