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Italian Exhibition Group finalized the purchase of Firmast

Italian Exhibition Group (IEG), a company listed on the Milan Stock Exchange organized and managed by Borsa Italiana S.pA., leader in Italy in the organization of trade fair events and among the main operators in the exhibition sector at European level, finalized on October 10th the purchase of the FIMAST event (International Trade Fair for machines and accessories in the textile - hosiery sector) organized by Principemedia SRL, an exhibition held every two years at Brixia Expo, with its next appointment scheduled for May 27th-30th, 2020, again in the Brescia trade fair district.

The event, the only one in Italy for the sector, proposes the latest world news on the textile machines for sock-making and, with the presence of the major hosieries, opens scenarios on the yarn producers in the territory where the main machinery district for this type of article is located (the Brescia area), and that of the finished product (Mantua).

The purchase of FIMAST is part of IEGs acquisition strategy aimed at consolidating its exhibition portfolio in the technological-industrial sector, as well as in the program of development of events organized for a strictly professional public, especially with the aim to enhance the districts most representative of Made in Italy.

In organizing the event, IEG will bring its consolidated know-how on the international front, attracting a large number of international buyers and consolidating FIMASTs growth in new markets, as requested by the exhibiting companies.

The exhibition Firmast, unique in the sector, proposes the latest world news on the textile machines for sock-making and opens interesting scenarios on the major yarn producers, showcasing the most important hosieries.

----------------------------------------------------------------------------------------------------Focus on Italian Exhibition Group SPA

Italian Exhibition Group (IEG), listed on the Milan Stock Exchange organized and managed by Borsa Italiana S.p.A., is the Italian leader in the organization of trade expos and one of the main players in Europe in the expo and conference sector, with its venues in Rimini and Vicenza. The IEG Group stands out for the organization of events in five categories: Food & Beverage; Jewellery & Fashion; Tourism, Hospitality & Lifestyle; Wellness, Sports and Leisure; Green & Technology. In recent years, IEG has launched an important process of foreign expansion, also by means of joint ventures inked with local players (e.g. in the United States, Arab Emirates and China). IEG ended the 2018 financial year with a total consolidated turnover of 159.7 million euros, an EBITDA of 30.8 million and a net consolidated profit of 10.8 million euros.  In 2018, IEG held an overall total of 53 exhibitions organized or hosted and 181 conferences events in its Rimini and Vicenza expo and conference venues. www.iegexpo.it