Information communications firm GVIC Communications Corp., Canada, has announced an agreement to acquire 100 percent of the assets of JuneWarren Publishing Ltd., effective January 1, 2008. The acquisition is projected to help GVIC develop its strategy of growing through two core segments - the business and professional information sector and the local newspaper and trade information sector.
The JuneWarren operations include oil and gas related magazine publications and related custom publishing initiatives; directory and atlas publications; and charts and maps. The primary publications are Canadian Oilfield Service & Supply Directory, Oilweek, Oil & Gas Inquirer, Oilsands Review, Alberta Construction Magazine and Canadian Oilfield Gas Plant Atlas.
JuneWarren's publications are seen to complement GVIC's Nickle's Energy Group, which publishes the Daily Oil Bulletin, the Canadian Oil Register directory, New Technology Magazine, which focuses on technology in the oil industry, the Rig Locator and The Profiler (an oil industry theme based magazine).
The merger of JuneWarren and Nickle's businesses are projected to provide a significantly expanded information business targeted at Canada's oil and gas industry. A number of synergies exist including the opportunity to provide enhanced online product offerings with deeper and richer content, new products for the oilsands and other areas, greater advertising service and effectiveness, and improved distribution.
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