Messe München has acquired construction machinery trade fair organiser CTT EXPO in Moscow.
The acquisition is billed as the most important purchase in Messe München's history. The seller is private Russian trade fair company Media Globe LLC.
“CTT is an internationally known and established event. It is an ideal addition to our global construction machinery cluster,” said Klaus Dittrich, chairman and CEO of the Messe München Board of Management.
“With the world’s leading trade fair Bauma in Munich as the centerpiece and our events in Shanghai, New Delhi, Johannesburg and, in future, Moscow, we have achieved a global market share of more than 50 per cent.”
“At a stroke, this purchase makes us the fourth biggest foreign trade fair organiser in Russia, also laying the foundation for creating additional trade fair events there”, added Stefan Rummel, managing director responsible for foreign activities.
Alexey Striganov, Media Globe’s proprietor, becomes Messe München’s partner in Russia, staying on as a shareholder in the newly established company.
