Pennwell Acquires Assets Of Hci

摘要

Penn Well Corp., a diversified global information company, announced it acquired the assets of HCI Publications Inc., a Kansas City, Mo., U.S.-based producer of magazines, conferences, and exhibitions serving the hydroelectric industry. HCI assets include Hydro Review and HRW magazines, the Internet-based hydropower news service HydroNews.net, the HydroVision and Waterpower conferences and exhibitions, and 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 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, Senior Vice President, Power Generation. "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," PennWell President and Chief Executive Officer Robert F. Biolchini said.