Clarion Events acquires PennWell

The acquisition for an estimated $300m (£213m) creates one of the largest events companies in the world.

Clarion Events has acquired PennWell Corporation, a privately-held events and business-to-business media and marketing services company based in Tulsa, Oklahoma, USA. 

The move marks the latest in a series of global acquisitions by Clarion, which includes its 2015 purchase of Urban Expositions, now rebranded as Clarion UX. The acquisition will enable Clarion to expand its US operations.

"This deal delivers significant benefits for both companies. PennWell's roster of market-leading events strongly enhances Clarion's portfolio. Our global network and depth of resources will further strengthen PennWell's offerings, enhancing opportunities for growth and expansion across North America and globally," Clarion's executive chairman Simon Kimble 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," said PennWell president and CEO Mark Wilmoth.

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