Mark Allen Group to acquire Centaur Media’s engineering portfolio for £2.5M

Mark Allen GroupThe Mark Allen Group, a specialist information provider and event organiser, has agreed to purchase Centaur Media Plc’s engineering portfolio, including The Engineer and Subcon for £2.5 million. The terms of the transaction were not disclosed.

This transaction follows MAG’s purchase of 12 publishing brands in the aviation, automotive and arena sectors from UKi Media & Events Limited last week.

The engineering portfolio includes the market’s leading website, magazine and events, and has deep industry relationships and a diversified client base. The Engineer is one of the UK’s longest-running business publications and is supplemented by Subcon, which is an event for subcontract manufacturing professionals.

The sale comes as Centaur continues the divestment of its smaller businesses following the conclusion of a strategic review last October and its decision to improve operational execution by focusing on its leading brands. The transaction is expected to complete on 31 May.

Ben Allen, Chief Executive of Mark Allen Group, said, “The acquisition of these premium brands is part of our strategy to target well-established products in markets where we believe there are exciting growth opportunities. These assets will further strengthen our existing manufacturing and engineering publishing and event portfolio, which includes titles such as New Electronics and Eureka, as well as the Engineering Design Show.”

UK, London

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Diversified Communications acquires three North American energy events

Diversified CommunicationsDiversified Communications has acquired three North American events – Intersolar, ees (electrical energy storage) and Power2Drive North America – from German-based organisers, Solar Promotion International and FMMI. The events, co-located for the past eleven years in San Francisco in July, will move to San Diego Convention Center for February 4-6, 2020. The terms of the transaction were not disclosed.

Since 2008, Intersolar North America has served as the industry’s go-to source for information and networking opportunities to move the North American market forward. Co-located with ees North America, Intersolar North America’s exhibition and conference sits at the cross-section of solar technology, energy storage, and smart renewable energy.

Covering the entire value chain of innovative battery and energy storage technologies, ees North America is the leading exhibition and conference for the electrical energy storage industry. ees North America connects manufacturers, distributors, users and suppliers of stationary and mobile storage products in the epicenter of the U.S. storage market, California.

Power2Drive, the special exhibition for charging infrastructure and electromobility, reflects the opportunities and the necessity of the energy transition in the transportation sector. The focus is on batteries for electric vehicles as well as charging technologies and infrastructure for clean mobility and distributed storage.

Diversified owns and operates a 1.5 Megawatt solar farm in Brunswick, Maine. Theodore Wirth, Diversified Communications’ President and CEO, said, “Our interest in solar stems from our Board of Directors; and growing our own event series in solar and energy storage is an exciting way to further contribute to the renewable energy industry”.

Diversified Communications’ Corporate Vice President of Strategy & Corporate Development, Oakley Dyer, added, “We’ve been looking to enter the solar market in a significant way for several years and have been watching Intersolar closely due to their successful worldwide footprint and sterling reputation. The time was right for both parties and we are thrilled to bring our depth of expertise in trade show operations to these exciting markets; and perhaps most importantly, bring Diversified’s enthusiasm for solar’s role in the new energy economy.”

USA, Portland, ME & Germany, Pforzheim