Tag: ITE Group


ITE Group places first Bett with $1m investment in Learnit World

Global event organiser ITE Group, organiser of the UK’s leading edtech event, Bett, has announced it is to lead a $1m investment in Learnit. Learnit is a new event for the global learning ecosystem that will take place the same week as Bett. Learnit will be held, 24-25 January 2019, at the QEII Centre in London, and organisers hope to attract 1,000 attendees. Anil Aggarwal, co-founder...

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ITE posts 14% like-for-like top 10 show growth World

Global organiser ITE Group has announced year-end results showing its Transformation and Growth (TAG) programme is delivering like-for-like revenues up 11.4%, with headline PBT growing even faster at 20% and driven by the group’s Top 10 shows which grew 14% like-for-like. Financial highlights of the results released 4 December 2018 include trade show volume sales up from 679,900sqm in the year to 30 September 2017,...

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ITE acquires Mining Indaba from Euromoney for £30.1m AfricaWorld

International exhibition organiser ITE has announced it has agreed to acquire Mining Indaba from Euromoney Institutional Investor plc in a deal worth £30.1m on a cash-free, debt-free basis. Mining Indaba is a leading event dedicated to bringing together mining and investment experts involved in Africa. The exhibition, held in Cape Town, South Africa, was founded in 1995 and marked its 24th edition in February 2018. The next...

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ITE Group sells 56 ‘non-core’ Russian events from its portfolio AsiaEurope

ITE Group has announced that it plans to dispose of ITE Expo LLC, the operating company for 56 of the Group’s events in Russia. The events, which comprise a significant portion of ITE Group’s non-core assets in Russia, will be taken over by Shtab-Expo LLC. ITE retains 16 designted core events in Russia, which have international exhibitors and visitors. These events will form part of...

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ITE Group share business growth strategy in Q3 trading update World

International exhibitions and conference organiser ITE Group has released its Q3 trading update for 2018. During the period from 1 April 2018 to 30 June 2018, the group performed in line with management expectations, with overall revenue for the quarter reaching £58m. During this same time period, the Group announced the acquisition of the Ascential Events business, which they announced earlier today has been completed....

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ITE Group completes Ascential acquisition EuropeWorld

ITE Group has announced this morning the completion of its acquisition of Ascential Events, which was first announced on 15 May. A statement released to press said: “ITE Group is pleased to announce the completion of the acquisition of Ascential Events Limited from Ascential plc based on an enterprise value of US$405m (calculated on a cash-free, debt-free basis and subject to normalised working capital)” Chief...

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ITE Group sells Malaysian organiser to UBM subsidiary RegionWorld

ITE Group has announced that it has sold Malaysian organiser TradeLink ITE to UBMMG Holdings – a subsidiary of UBM – for a total cash consideration of MYR 23 million (£4.2m)*. The total consideration will be payable upon completion and the proceeds will be reinvested into the Group. Tradelink is the owner of Malaysian metalworking exhibition Metaltech. In the year to 30 September 2017, Tradelink...

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ITE Group publishes trading update EuropeRegion

ITE Group in London has published a trading update ahead of its interim results for the six months ended 31 March 2018, which will be announced on Tuesday 15 May 2018. Trading update The Group’s performance in this period was in line with management expectations. Revenue for the period will be circa £75m [US$105.3] (six months to 31 March 2017: £70m). The increase is largely...

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