ITE’s Southeast Asian Expansion Continues with Acquisition and New Launch
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ITE Group announces the acquisition of Australian-based Baird Maritime’s exhibition business and the launch of TransAsia, a trade exhibition for transport and logistics in Southeast Asia.
Baird Maritime’s events include Asian Workboat and China Maritime which are hosted in Singapore and Hong Kong. The company, which is led by industry veteran Neil Baird, is one of the world’s foremost businesses concerned with connecting the community of work boat owners in Asia, the Middle East and Australia.
Whilst ITE will move the operational management of these events to its offices in Hong Kong, Mr Baird will retain an active role in the business for at least two years.
ITE’s CEO, Russell Taylor commented that. ‘The acquisition of Baird Maritime’s event business comes quickly after our acquisition of Tradelink in Malaysia. It underlines our serious commitment to the Southeast Asian region and fits well into our transport and logistics sector business. We’re looking forward to our continued working relationship with Neil Baird and hope to build upon the undeniable success of these exhibitions.”
In another move, ITE has announced the launch of its transport event brand in Singapore. The new exhibition, ‘TransAsia’, is planned as the major marketplace for transport services for professionals from across the ASEAN countries. Being focused primarily on cargo transportation services, the TransAsia exhibition will demonstrate the full range of industry solutions – from transport and forwarding services to software and equipment for cargo handling.
Asia’s international and inter-regional trade has soared over the past twenty five years. Direct distribution routes from Asia are often well established. However, it remains a dynamic market and growth of 5%+ GDP across the major Asian economies means that new opportunities continue to develop. With larger economies such as Indonesia booming; the move towards a single market in the ASEAN region and the potential for further expansion to incorporate countries such as Myanmar; an event that showcases the transport and logistics industry in Southeast Asia is well overdue.
TransAsia will take place at the Suntec Centre in Singapore in November 2014.
For further information, please contact:
Mark Temple Smith
+44 207 596 5192
General Press Enquiries:
Head of Marketing – ITE Group plc
+44 20 7596 5087