October 14, 2014
FOR IMMEDIATE RELEASE
Contact: Jayne Gilsinger
(918) 832-9303; [email protected]
PennWell Acquires Leading Lighting Media Business
Tulsa, OK October 14, 2014 – PennWell Corporation, a diversified global media and information company, announced today that it has acquired a 51% interest in Revo Media Partners Limited, owner of LuxLive, the UK's largest dedicated lighting event, and Lux Magazine and Lux Review, the leading trade publications in the energy efficiency lighting space. Financial terms of the sale were not disclosed.
Revo Media founders Ray Molony and Gordon Routledge will retain 49% ownership under a long-term partnership with PennWell and will continue to direct operations for the London-based business they started in 2010. Revo Media’s rapidly-growing LuxLive, held annually in November in London, takes place November 19-21, 2014 at the ExCel convention center. LuxLive attracts a diverse cross section of end users, specifiers, and industry executives with over 200 exhibitors and sponsors and an expected attendance exceeding 6,500 for the November event. As part of LuxLive, the Lux Awards gala rewards creativity and sustainability by recognizing organizations that have used lighting in exceptional ways.
The acquisition by PennWell will enable Revo to expand the Lux brand and events to a number of key growth geographies by leveraging the extensive publishing, digital media, and conference and exhibition experience of PennWell. Lux Magazine, published 10 times per year, is the U.K.’s largest magazine and website for over 9,000 lighting manufacturers, engineers, designers, distributors and end users. Lux Review, published bi-monthly, reaches an audience of nearly 20,000 lighting buyers across Europe, Asia, the Middle East, and Asia-Pacific.
“Our partnership with Revo Media founders Ray Molony and Gordon Routledge represents a significant leap forward in PennWell’s expansion plans for serving all segments of the LED and lighting industries,” said PennWell President and Chief Executive Officer Robert F. Biolchini. “We are delighted that we will be afforded the opportunity to work with accomplished lighting experts of the caliber of Ray and Gordon, along with their 15-member team in London. Ray and Gordon are innovative leaders with the market expertise and deep industry relationships that will be essential to our taking advantage of the world’s developments in lighting design and applications.”
Founders Ray Molony and Gordon Routledge said they were attracted to PennWell because of PennWell’s media and events breadth and strength across its LEDs and Lighting product portfolio. “We’re excited about this collaboration,” said Ray Molony. “Our Lux brands are complementary to PennWell and together we will be able to offer our customer base diverse marketing and networking solutions in several growth geographies.”
The PennWell LEDs and Lighting Group includes Strategies in Light, a business-oriented conference and exhibition on LEDs and solid state lighting held annually since 2001 in North America, along with Strategies in Light Europe and Strategies in Light Japan. Strategies in Light Europe will co-locate alongside LuxLive in London in 2015 to gather a broad cross section of the dynamic lighting industry for networking, conference sessions, and the display of new technologies and products on the exhibition floor.
PennWell also publishes LEDs Magazine for the global LED and lighting community, reaching over 60,000 readers who specify, design, and manufacture LED-based products. PennWell also owns The LED Show, a U.S. conference and exhibition serving the lighting design and technology segment of the LED industry, and Strategies Unlimited, a market research and forecasting company specializing in market reports and custom studies for industries including optoelectronics and LED/Lighting.
About PennWell Corporation:
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly 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 generation and delivery, hydropower, renewable energy, water and wastewater, waste management, electronics, optoelectronics, fiber-optics, aerospace and avionics, LEDs and lighting, fire and emergency services, and dental. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell's headquarters in Tulsa, Oklahoma, the Company has major offices in Nashua, New Hampshire; London, England; Houston, Texas; Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; Rio de Janeiro, Brazil, and Hong Kong, China.
– End –
U.K. Contact: Ray Molony, Revo Media
44-078-34990-577; [email protected]
October 9, 2014
NEWS RELEASE
For immediate release
Contact:
Helen Lomas
Senior Marketing Manager
PennWell
Email: [email protected]
Ph: +44 (0)1992 656654
OSRAM, Plessey Semiconductor and Havells-Sylvania to present at the Strategies in Light Europe Investor Forum
London, UK / October 9, 2014 / Pennwell Corp —Strategies in Light Europe announced today that its Solid-State Lighting Investor Forum, taking place on October 21st at the M.O.C. Event Center in Munich Germany, sponsored and co-organized by Canaccord Genuity, Inc., will include speakers from OSRAM, Plessey Semiconductor, Havells-Sylvania, Lucibel, PhotonStar, and Nanoco Technologies, among others.
Speakers from these publicly-quoted companies and successful private firms that have brought LED lighting products to European and international markets will share their expertise and insight. “We are very excited to be hosting the 4th annual SSL Investor Forum with our new sponsor Canaccord Genuity” said Strategies in Light Europe Conference Chair Bob Steele. “Canaccord’s equity analysts have been following LED and lighting companies for many years, and the firm been instrumental in carrying out many of the M&A activities in these industries.”
Confirmed speakers for the 2014 event include: Philip Smallwood, Director of LED and Lighting Research, Strategies Unlimited; Frederic Granotier, Chairman and CEO, Lucibel; Michael LeGoff, CEO, Plessey Semiconductor; Boris Tamm, Head of Investor Relations, OSRAM Licht AG; Steve Reinhard, VP-Business Development, Nanoco Technologies; James McKenzie, CEO, PhotonStar, and Jed Dorsheimer, Managing Director, Equity Research, Display and Lighting, Canaccord Genuity.
The SSL Investor Forum, being held for the fourth year as part of the Strategies in Light Europe conference, aims to address some of the principal questions being asked by investors. The Forum will discuss issues such as the pace of adoption of LEDs in lighting, the longer-term growth potential of the market, profitability analysis, and opportunities to invest in different levels of the lighting value chain.
The SSL Investor Forum is specifically designed for current and potential investors, as well as LED and LED lighting companies seeking financing opportunities. The Forum will provide valuable information and excellent networking opportunities. In addition to representatives of publicly-quoted companies and private companies, experts in market analysis and finance will provide their perspectives on the market environment and investment climate for LEDs and SSL.
For full details on the conference program as well as information on how to register to attend visit www.sileurope.com. Strategies in Light Europe will be held October 21-23, 2014, at the M.O.C. Event Center, Munich, Germany.
**END**
PennWell Corporation 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, electronics, semiconductor, contamination control, optoelectronics, LEDs and lighting, fiber optics, enterprise storage, fire, emergency services and dental. Founded in 1910, PennWell publishes 75 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, Oklahoma, the company has major offices in Nashua, New Hampshire; Houston, Texas; London, England; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China. For additional information about PennWell, visit www.pennwell.com.
Canaccord Genuity is the global capital markets division of Canaccord Genuity Group Inc. (TSX: CF, LSE: CF.), offering institutional and corporate clients idea-driven investment banking, merger and acquisition, research, sales and trading services from offices in 11 countries worldwide. Its team of nearly 1,000 capital markets and advisory professionals has industry and transactional expertise in 18 key sectors of the global economy. The company is committed to providing valued services to its clients throughout the entire lifecycle of their business and operating as a gold standard independent investment bank - expansive in resources and reach, but targeted in industry expertise, market focus and individual client attention.