Penton Media Acquires Highline
Digital aviation data business to add capabilities to Business and Commercial Aviation unit
NEW YORK, June 25, 2012 /PRNewswire/ -- David Kieselstein, CEO of Penton Media, announced today that the company has acquired Highline LP of the United Kingdom. Highline is a business and commercial aviation company that currently provides global data and sales support to Penton's AC-U-KWIK, the leading FBO directory serving the business aviation market as well as other new products.
"The Highline/AC-U-KWIK relationship goes back many years and we are pleased to be able to integrate the two businesses and develop even more robust digital products," said Mr. Kieselstein. "We welcome Gillian and Alain George, the founders of Highline, and their team to Penton."
"We are excited to cement this partnership with Penton and particularly to work more closely with the group's commercial aviation titles. Although many know us through our association with AC-U-KWIK, it is not so well known that we have a more comprehensive web-based product, airportdata.aero, specifically developed for the commercial airline and cargo sector. We look forward to marketing this effectively through the Air Transport World (ATW) and SpeedNews channels, whilst at the same time using the airportdata advantage to develop new data products for Penton's AC-U-KWIK customers," said Gillian and Alain George, who will become directors of the group.
Penton's Aviation Group includes business aviation products (AC-U-KWIK, The Air Charter Guide and Aircraft Bluebook) and commercial aviation products (ATW and SpeedNews).
"We see numerous product development opportunities being under one roof," said Mark Flinn, market leader for Penton's Aviation Group. "We look forward to showcasing some of our capabilities at the Farnborough Air Show beginning July 9."
Terms of the deal were not disclosed.
About Penton Media, Inc.
As a leading, independent, business-to-business media company, Penton knows business and how to create and disseminate the vital content that moves markets. Penton is where professionals turn to gain the critical insight, expert analysis, and relevant connections needed to compete and succeed. The Company is headquartered in New York City with approximately 1,100 employees across key locations throughout the world including New York; Cleveland; Chicago; Overland Park, Kansas; Boulder, Colorado; Fort Collins, Colorado; and Hong Kong. Penton is a privately held company owned by MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP, and its co-investors. For additional information, visit www.penton.com.
Warren Bimblick, Senior Vice President, Strategy and Business Development
Penton Media, Inc.
Phone: (212) 204-4232
SOURCE Penton Media, Inc.
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