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IEG Acquires Prostand & Colorcom

The Italian Exhibition Group (IEG) continues its strategy aimed at an increasingly solid coverage of the stand fitting sector by purchasing 60 percent of stand fitting company Prostand, headquartered in Poggio Torriana di Rimini, which simultaneously took over 100 percent of Colorcom Allestimenti Fieristici (which has branches in Vicenza and Milan). Earlier this year it acquired 51 percent of FB International Inc., a U.S. company with branches in New Jersey and Nevada.

The result is the formation of a new platform in the stand fitting sector, with a portfolio of 5,000 clients in Italy and Europe. By means of this operation, IEG qualifies vertical integration supporting its core business of expo organization and the diversification of its business in the context of ancillary services with a high added value. This phase continues to ensure IEG the control of expo and conference service companies, with a view to monitoring and therefore ensuring exhibiting companies the utmost quality.

The Italian Exhibition Group (IEG), with offices in Rimini and Vicenza, is a leader in Italy for organized trade fairs and among the main European operators in the exhibition and congress sector. IEG Group specializes in organizing events in five categories: Food & Beverage; Jewelery & Fashion; Tourism, Hospitality and Lifestyle; Wellness and Leisure; Green & Technology. In recent years, IEG has embarked on an important path of expansion abroad, also through the establishing of joint ventures with local operators (for example in the U.S., United Arab Emirates and in China). IEG closed the 2017 financial reports with total consolidated revenues of 130.7 million euro, an EBITDA of 23.2 million and a consolidated net profit of 9.2 million. In 2017, IEG, in the exhibition and congress venues of Rimini and Vicenza, totaled 50 organized or hosted events and 206 congress events. For more info, visit https://en.iegexpo.it/

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