Clarion Events, one of the oldest independent event organizers in the UK, has acquired PennWell Corporation – a private B2B media, conference and exhibition company. The acquisition brings together two of the industry’s most respected companies, as it enables Clarion events to expand its North American operations, as they form one of the largest event companies in the world.
PennWell previously organised more than 40 exhibitions and conferences around the world. They also handled 130 media properties for many industries, including: oil and gas, electronic power generation and delivery, hydropower, renewable energy, fiber-optics and cable and aerospace. In the electronics sector they are particularly known for the title Military & Aerospace Electronics.
The acquisition will clearly benefit both sides of the table, as PennWell’s roster of market-leading events will enhance Clarion Events’ portfolio whilst Clarion’s global network and depth of resources will no doubt strengthen PennWell’s offerings.
With an impressive presence across Europe, Asia, Africa and the Middle East. Clarion Events’ has the reach to enhance PennWell’s offers to worldwide customers, including their diversified portfolio of events, such as the POWER-GEN series, DistribuTECH for electricity distribution, as well as media brands such as the Oil & Gas Journal.
PennWell is the latest in a series of global acquisitions by Clarion, who purchased Urban Expositions back in 2015, and announced in February the acquisition of Hong Kong based Global Sources, a leading events organiser and online B2B marketplace operator.
It is interesting to see Clarion Events’ making moves across the globe as they reinforce themselves as a widely established company in the industry. Their latest acquisition of PennWell presents their commitment to building a strong and competitive presence in North America as they continue to build their portfolio and the innovative events within it.
