Clarion Energy Strengthens Power & Energy Series Portfolio
Clarion Events, one of the world's leading event organisers, has announced that as part of the acquisition of PennWell Corporation, based in Tulsa, Oklahoma, USA, a number of the key Power & Energy events PennWell run will be integrated into Clarion Energy produced Power and Energy Series
The overall acquisition brings together two of the industry's most well-respected names to create one of the largest events companies in the world. It also marks the latest in a series of global acquisitions by Clarion, which includes its 2015 purchase of Urban Expositions, now rebranded as Clarion UX.
PennWell comes with a rich pedigree, producing both events and publications considered to be industry-leading, including those in the Power & Energy domains. They organise POWER-GEN International, DistribuTECH, Electrify/POWER-GEN Europe, HydroVision, ICCI, POWER-GEN Africa, POWER-GEN Asia and the Waterpower Week in Washington DC.
The integration of these events strengthens the Clarion Energy-produced Power & Energy Series which already comprises the ‘Utility Week’ events taking place across Africa, Asia, Australia and Europe. The portfolio is further complimented by Future Energy East Africa & Future Energy Nigeria completing the list.
Positive steps have already been taken following the acquisition, including developing the PennWell-produced Electrify Europe event. Clarion Energy has taken the decision to rebrand Electrify Europe to Power-GEN Europe, in line with its international counterparts. As well as this, Power-GEN Europe, will be co-located alongside European Utility Week taking place in Paris, France, in 2019.
Clarion Energy Managing Director Rick Wall said: “This is a very exciting proposition for Clarion Energy, our community and the industry as a whole. By co-locating Power-GEN and European Utility Week, we will be able to offer a truly end-to-end power event for the whole electricity value chain. The co-location will facilitate an unparalleled meeting place for the entire power & energy sector in Europe and one which will help to facilitate the acceleration of the clean energy transition”.
In total Clarion Energy run over 40 events that cover the Oil, Gas, Power and Energy sectors making it one of Clarion Events largest portfolios. The portfolio covers power generation, transmission and distribution, through to capital markets and investment through to resource extraction and processing in both mature and emerging geographies.
Global Head of Clarion Energy, Duncan Reid said: “We are delighted to welcome PennWell, including their world-leading energy events POWER-GEN and DistribuTECH to our Power & Energy Series from Clarion Energy. These events complement our existing offerings to create a World Leading Portfolio of Events.”
With 550 employees, PennWell organises and manages more than 40 exhibitions and conferences around the world. The company also has 130 media properties and provides quality content and integrated marketing solutions for industries that include energy, fire and emergency services, dental and industrial technology.
PennWell President and CEO Mark Wilmoth said: "Clarion has market-leading brands that are complementary to PennWell's, and an enviable presence across Europe, Asia, Africa and the Middle East. Merging with Clarion will enhance our offerings to the worldwide customers of PennWell's diversified portfolio of events, including the POWER-GEN series, DistribuTECH for electricity distribution, and FDIC for the fire market, as well as media brands such as the Oil & Gas Journal."
Clarion is owned by funds managed by Blackstone, one of the world's leading investment firms. PennWell was represented in this transaction by JEGI (www.jegi.com), the leading independent investment bank for the global media, information, marketing, software and tech-enabled services sectors.
European Utility Week is a Power & Energy Series Event, part of Clarion Energy.
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