B2B publisher PennWell Corporation, US, has announced that it has acquired the assets of HCI Publications, Inc., a producer of b2b magazines and conferences and exhibitions serving the hydroelectric industry. The company operates HydroVision and Waterpower Conferences and Exhibitions and publishes Hydro Review, HRW, and HydroNews.net, as well as other research and information products. Financial terms of the sale were not disclosed.
HydroVision Conference and Exhibition is hydropower's largest gathering of industry professionals worldwide. The conference is held interchangeably every other year with its sister event, Waterpower Conference and Exhibition. Hydro Review focuses on industry trends, equipment, operations and maintenance, rehabilitation, dam safety, environmental effects, regulation and research. While Hydro Review primarily serves the North American hydropower industry, HRW magazine is published six times each year and distributed to readers in 130 countries. HydroNews.net is a daily information service providing international news and monitoring of hydropower projects.
The owners of HCI Publications, Leslie Eden and Carl Vansant, will serve as consultants to PennWell. PennWell will manage the business from its headquarters in Tulsa under Richard Baker, Vice President and Publisher, North American Global Energy Group. Along with Eden and Vansant as consultants, seven editorial and sales employees in Kansas City have joined PennWell.
This is PennWell's third acquisition in the renewable industry in two years. In addition to the HCI publications and events, PennWell's offerings for renewable energy include RenewableEnergyWorld.com, the leading web site for renewable energy, three magazines Renewable Energy World, Cogeneration and On-Site Power Production, and Waste Management World, and two conferences and exhibitions Renewable Energy World North America and Renewable Energy World Europe.
