Diesel Progress Acquired By KHL Group
29 January 2018
Global construction information publisher, KHL Group, acquired the USA-based publisher Diesel & Gas Turbine Publication Group on January 31, 2018.
Founded in 1935, Waukesha, Wisconsin, USA-based Diesel & Gas Turbine Publication Group (D>P) is the leading and most-respected publisher of information for the on-highway, off-highway, stationary and marine engine-powered equipment markets. It focuses on the construction, mining, agriculture, oil & gas, power generation and commercial vehicle equipment sectors through its North American magazine, Diesel Progress and globally through Diesel Progress International. A new title, New Power Progress (for electrification, hybrids and new engine & powertrain technologies) has recently been launched.
D>P also publishes COMPRESSORtech2, the leading international magazine for the gas compression industry. Diesel & Gas Turbine Worldwide, the leader in global information for the large engine and gas turbine markets in rail, marine, power generation and oil & gas; and the annual Diesel & Gas Turbine Sourcing Guide, the only worldwide source of engine and gas turbine specifications. Each magazine’s circulation is audited by the BPA.
Highly respected D>P directors Mike Osenga and Mike Brezonick have built an unparalleled international reputation for their magazines, directories and websites in this market. They will continue to lead the company while working closely with Trevor Pease, KHL Americas’ President; and James King, Managing Director of KHL Group.
James King explained, “This is a fantastic opportunity for KHL to grow by acquiring three market leading publications, digital media and directories. Diesel Progress has a great brand, great heritage and is run by great people. We will build upon the company’s clear strengths and make it even stronger. Massive technological and environmental changes are underway in the design of engine powered equipment. A trusted source of global information is needed now more than at any time in the past.”
“Having Diesel Progress magazines in the KHL stable is a perfect strategic fit and also provides excellent opportunities to collaborate with KHL’s market research and management consultancy division, Off-Highway Research, which focuses on equipment sales and manufacturing data.”
King went on to say, “This consolidates KHL’s position as the largest and most-respected provider of international construction information. By utilising KHL’s international network of offices, digital expertise and events division, we can quickly develop and expand these already-strong magazine brands.”
“This acquisition continues to transform KHL towards its long-term vision of becoming a full-line information, data, events, research, consultancy and communications company. All delivered to our readers in whatever format they prefer to consume it, whether that is digital, print or face-to-face. Right now I cannot think of any better company than D>P to complement KHL’s existing information products.”
“One of our strategic goals in recent years has been to extend the reach of the many markets we cover. Joining with KHL allows us to do that and so much more,” said Mike Osenga, president of Diesel & Gas Turbine Publications. “KHL’s unparalleled global network, as well as their market research, events and management consultancies, are exactly what Diesel & Gas Turbine Publications needs to continue to grow and expand. We could not be more pleased to join with KHL, the global information market leader.”
For more information please contact: Trevor Pease (firstname.lastname@example.org)
KHL Group is the world’s largest provider of international construction information. Through its offices in the UK, USA, Chile, China, India and Turkey it publishes 12 magazines along with www.khl.com, e-newsletters, exhibitions, conferences, awards, directories, books, videos, market research, and management consultancy. Magazines include: International Construction, Construction Europe, International Cranes & Specialized Transport, American Cranes & Transport, Construction Latin America.
Diesel & Gas Turbine Publications, Waukesha, WI, USA, is the leading provider of information to the engine powered equipment markets. It publishes: Diesel Progress, Diesel Progress International, COMPRESSORtech2, New Power Progress, Diesel & Gas Turbine Worldwide, Diesel & Gas Turbine Sourcing Guide, COMPRESSORtech2 Sourcing Guide.