ITE Acquires Entertainment Technology Events
The ITE Group has acquired the India-based Entertainment Technology portfolio from Diversified Communications. The acquisition includes two co-located events, PALM Expo and Music Expo and two publications, Pro Sound Systems and Studio Systems. ITE’s Indian partner company, Asian Business Exhibitions and Conferences (ABEC), will manage the portfolio.
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ITE’s Chief Executive, Russell Taylor said. “We have a growing business in India and we’re committed to further strengthening our position in Asia as well as expanding the diversity of the sectors that we cover globally. The PALM portfolio fits well with our strategic growth plans.”
Manish Gandhi, Chief Operating Officer of ABEC commented. “We are excited to work with the existing PALM management team to take this exciting portfolio to new heights.”
The next edition of PALM Expo and Music Expo will take place on 28 - 30 May 2015 at the Bombay Exhibition Center, Mumbai.