Messe München, the organiser of Bauma − the largest construction trade show in the world – has acquired CTT Expo in Moscow, said to be the world’s fifth largest construction machinery trade show.
The company said it is the biggest and most important purchase in its history. The seller is private Russian trade fair company, Media Globe LLC.
Klaus Dittrich, chairman and CEO of Messe München, said, “CTT is an internationally known and established event. It is an ideal addition to our global construction machinery cluster.
“With the world’s leading trade fair, Bauma, in Munich as the centrepiece and our events in Shanghai, New Delhi, Johannesburg and, in future, Moscow, we have achieved a global market share of more than 50%.”
Alexey Striganov, Media Globe’s proprietor, becomes Messe München’s partner in Russia, staying on as a shareholder in the newly established company. This partnership gives Messe München the know-how of the Russian market, said the company.