Access Intelligence Acquires RETECH Event
Deal closes after a year-long partnership.
Access Intelligence has acquired the RETECH conference and exposition, an event for the renewable energy and technology market.
The event is produced by the American Council on Renewable Energy (ACORE) and the deal caps a year-long partnership during which Access Intelligence provided show production and management services.
The show attracts more than 200 companies serving the renewable energy market, says the company. Terms of the deal were not disclosed.
The deal fits in with Access Intelligence’s strategic focus on driving revenues from its audience. "Our overall strategy of building clusters of media properties of paid content and must-attend events is strengthened by RETECH and our ongoing relationship with ACORE," said AI CEO Don Pazour in a statement.
That strategy emerged last year when the company, like most other b-to-b publishers, was hit hard by print revenue declines. Since then, Access Intelligence has made other acquisitions in the event space in an attempt to ease its reliance on a traditional advertising-based revenue model.
The company will position RETECH under its TradeFair group, which also includes the Electric Power Exposition, Power Magazine and EnergyOcean.