ITE Group plc, the international exhibitions group is acquiring TF Fuarcilik ve Organizasyon Anonim Sirketi (TFF) for around £8 million through its wholly owned Turkish subsidiary, E Uluslar Arasi Fuar Tanitim Hizmetleri. As part of the transaction, TTF has acquired the Eurasia Rail exhibition from Turkel Fuarcilik Anonim Sirketi (“Turkel”), a company controlled by Mr Hasim Korhan Yazgan and Ms. Isil Yazgan.
The Eurasia Rail exhibition serves the rolling stock and railway infrastructure industries in Turkey and the surrounding region and is held each year at the IFM (World Trade Center) in Istanbul. The upcoming exhibition will be held in March 2015, marking the 5th edition of this event, which is expected to sell more than 10,000m2 net and be attended by around 20,000 professional visitors over 3 days.
ITE’s Chief Executive Officer, Russell Taylor, said, “I am pleased to welcome the Eurasia Rail exhibition into ITE’s Turkish business. This move represents progress in achieving the Group’s aims to strengthen and expand its operations in sectors with further potential for growth and diversifying the geopolitical risk in our portfolio.
UK, London & Turkey, Istanbul
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