Blog post

ITE acquisition takes them into a new market

The start of March has seen a couple of exciting announcements for ITE Group.

First, we have seen an acquisition which announces their entry into the African Market. ITE have acquired a controlling stake in the Africa Oil Week conference portfolio from Global Pacific Partners.

This acquisition will complement the group’s prominent oil and gas series, which is entrenched in the Eastern European and Russian market, and allow them to diversify into a new geographical region.

With Africa Oil Week being the longest running event in the African market it is certainly an acquisition with plenty of intent.

Not content with increasing their oil and gas portfolio, ITE have also announced that they have signed a deal with Explori, the research provider, to provide performance analysis and insight to the group’s global series of exhibitions.

The initial insights coming from our Events Industry survey, due to be released at the end of the month, highlights the need for continued evolution and innovation to compete with more than a third of respondents identifying this as the main challenge. This deal with Explori signals to us that ITE are one of the companies eager to keep up with this trend.

Our survey is online for another 2 weeks – if you haven’t already taken it, we would love to know what you think. Take the Survey

 

Picture Source - LTH Hotels 

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