PennWell Corp., a diversified global media and information company, announced it has acquired the assets of HCI Publications Inc., a Kansas City, Mo.-based producer of magazines, conferences, and exhibitions serving the hydroelectric industry.
HCI is: publisher of the Internet-based hydropower news service HydroNews.net and Hydro Review and HRW magazines; operator of the HydroVision and Waterpower conferences and exhibitions; and producer of other hydropower-related research and information products.
Financial terms of the sale were not disclosed.
The owners of HCI Publications, Leslie Eden and Carl Vansant, will serve as consultants to PennWell. Additionally, seven HCI editorial and sales employees have joined PennWell, continuing to work from the Kansas City offices.
Oklahoma-based PennWell will manage the business from its headquarters in Tulsa under Richard Baker, Vice President and Publisher, North American Global Energy Group.
PennWell President and Chief Executive Officer Robert F. Biolchini noted this is PennWell’s third acquisition in the renewable industry in two years.
“HCI has for nearly three decades served the needs of the hydroelectric industry which provides 20 percent of the world’s electricity,” Biolchini said. “PennWell is pleased to add these outstanding publications and events to our expanding renewable energy portfolio since hydropower is an essential vertical extension for our renewable energy franchise.
“Leslie Eden and Carl Vansant have built their company based on editorial excellence, extensive market coverage, and a strong industry reputation — a rare and perfect fit with PennWell,” he added.
HCI President Leslie Eden expressed her confidence in PennWell as the best home for the future growth of the publications and events.
“We are honored that PennWell, as the world’s leading and most respected provider of information to multiple energy markets, will advance the international reach and development of our products and services for hydropower,” Eden said.
The HydroVision Conference and Exhibition is hydropower’s largest gathering of industry professionals worldwide. Established in 1994, HydroVision next will be held July 23-31, 2010, in Charlotte, N.C. The biannual conference was last held in July 2008 in Sacramento, Calif., drawing more than 2,500 hydro industry delegates and 271 exhibitors from 67 countries.
HydroVision’s sister event, the Waterpower Conference and Exhibition, is held in alternating years to HydroVision. Like HydroVision, Waterpower is designed for owners, operators, managers, engineers, consultants, designers, and manufacturers in the worldwide hydropower industry. The next Waterpower Conference will take place July 25-31, 2009, in Spokane, Wash.
Hydro news and information
Hydro Review, launched in 1980 by an entrepreneur in hydropower and purchased by Eden and Vansant in 1986, is widely recognized as the leading source of information about hydro and dam-related products and services. Published eight times annually for a readership of 18,000, 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, providing insight from international authors and experts into the challenges of hydropower development worldwide.
HydroNews.net is a daily Internet-based information service providing global news and tender opportunities to hydropower industry subscribers.
PennWell’s renewables portfolio
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.
Last month PennWell announced the launch of Photovoltaics World magazine to address the rapidly growing global photovoltaic solar cell manufacturing industry, with the first issues to be published in March 2009. PennWell also announced two new Photovoltaics World Exhibitions, to be held in the U.S. and Europe in 2010.
PennWell is a diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: oil and gas, electric power, water and wastewater, renewable, electronics, semiconductor, contamination control, optoelectronics, fiberoptics, enterprise storage, converting, nanotechnology, fire, emergency services, and dental.
Founded in 1910, PennWell publishes more than 100 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, web sites, research and database services. In addition to PennWell’s headquarters in Tulsa, the company has major offices in Nashua, N.H.; Houston, Texas; London, England; Mountain View, Calif.; Fairlawn, N.J.; Moscow, Russia; and Hong Kong, China.