News 12 april 2012
Acquisition of Beautex strengthens ITEТs leading position in the Ukraine market
ITE Group plc, the emerging and developing markets
exhibitions specialist, today announces that its wholly owned subsidiary, ITE International Holdings BV acquired
Kiev based Limited Liability Company BeautexCo (Beautex) from BCI R&R
Limited, a company registered in Cyprus.
Beautex runs two exhibitions each year, Intercharm
and Beautyexpo. Both are trade exhibitions for the professional beauty trade
and cosmetic and aesthetic medicine industry in Ukraine.
Commenting on the acquisition, ITE's Chief
Executive Officer, Russell Taylor, said:
"The addition of these two exhibitions to ITE's Ukrainian business is
consistent with our strategy of building market leading positions in core
markets and sectors and will complement ITE's existing activities in Kiev. These
events have strong market positions in Ukraine and will benefit from access to ITE's
expertise and international reach."
The reasons for investing in Ukraine were formulated by participants in the Invest in Ukraine conference, which took place in London on the 3rd of...