NEW YORK, Nov. 2, 2015 /PRNewswire/ -- Penton, an innovative professional information services company, today announced the acquisition of MRO Network, which will expand its position as the premier information services provider and event producer for the fast-growing aircraft maintenance, repair and overhaul (MRO) segment.
The acquisition of MRO Network, including the Airline Purchasing & Maintenance Europe (ap&m) Expo, expands Penton's events business and enhances its data and marketing services businesses through the addition of more than 50,000 MRO professionals to Penton's MRO Links digital directory platform. The ap&m event focuses on second, third and fourth-tier aftermarket suppliers, providing the perfect complement to Aviation Week's MRO Europe event, which engages tier one and two suppliers. In addition to the ap&m Expo, other MRO Network assets include a global conference series, the ATE&M Awards, and a portfolio of media and digital products.
"With the acquisition of MRO Network, Penton is able to offer 'one-stop shopping' to marketers looking to expand their presence across the entire supplier spectrum, from tier one through tier four," stated Greg Hamilton, Market Leader and head of Penton's Aviation Week Network. With this acquisition, Penton's MRO business is now expanded across Europe and the Middle East, and joins existing MRO franchises in North and South America as well as Asia. MRO becomes the largest segment of Penton's aviation portfolio and positions the business as the leading information services provider serving this segment.
Penton is an innovative information services company that empowers nearly 20 million business decision makers in markets that comprise more than 12 trillion dollars in purchases each year. Our products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs. Penton is the way smart businesses buy, sell and grow.
Headquartered in New York, Penton is privately owned by MidOcean Partners and Wasserstein & Co., LP. For more information, visit http://www.penton.com or follow us on Twitter @PentonNow.
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