Koelnmesse now fully owns Indian subsidiary
/Cologne, 12th May: International exhibition organiser, Koelnmesse, has acquired all the outstanding shares of its subsidiary in India, Koelnmesse YA Tradefair Limited, making it a wholly-owned subsidiary of Koelnmesse. The acquired subsidiary will be renamed Koelnmesse Pvt. Limited.
Koelnmesse YA Tradefair was founded in 2008. It was a joint venture between Ashwani Pande and Koelnmesse with its headquarters in Mumbai and a representative office in New Delhi. Today, the company employs has a total of 28 people and has additional offices in Sri Lanka, Myanmar, Nepal, Bhutan and Bangladesh. Following the acquisition, Koelnmesse plans to expand the existing trade fairs and the develop of the new formats. Further cloned events are also planned.