Information services company Penton announced at CES 2016 that it has acquired TU-Automotive, an event and digital information company serving the connected vehicle segment of the automotive tech market, from FC Business Intelligence. This acquisition positions Penton at the center of the industry's most innovative and fast-growing segments: connected vehicles, mobility and autonomous driving.
The single biggest opportunity facing the automotive industry is the shift of vehicles to connected mobility for communication, diagnostics and dataflow, autonomy and other intelligent systems. This shift is already gaining significant ground in the trucking industry with connected devices changing fuel efficiency, optimizing speed and brake usage. Gartner predicts that by 2020, more than 250 million vehicles will be connected globally, with the number of installed connectivity units in vehicles worldwide increasing by 67 percent and consumer spend on in-vehicle connectivity fully doubling.
TU-Automotive delivers premiere events, networking, content and analysis on the current topics of connected vehicles, mobility, autonomous driving and the downstream implications to related industries. The Company's key assets include: 13 "must-attend" events including the world's largest connected car and mobility event, TU-Automotive Detroit, plus flagship events TU-Automotive Europe, TU-Automotive Japan and The Consumer Telematics Show, which takes place January 5, in advance of the CES opening in Las Vegas. In addition, TU-Automotive provides market-leading digital content, analysis, education and business intelligence through TU-Automotive's communications hub, analysis.tu-auto.com. TU-Automotive plays a critical convening role for key players in this complex and fast moving segment, including Ford, General Motors, FCA, BMW, Mercedes-Benz, Facebook, IBM and Microsoft.
TU-Automotive will become a part of the Penton Ground Transportation group, led by Vice President, Sue Boehlke. The TU-Automotive assets are highly complementary with Penton's existing transportation portfolio, which includes WardsAuto, FleetSeek, FleetOwner, Trailer Body Builders and American Trucker.
The acquisition also strengthens Penton's planned launches around the Internet of Things (IoT) in 2016 across Penton.
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