Cygnus buys Penton trade show unit

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Westport, Conn.--Cygnus Business Media Tuesday announced that its Cygnus Expositions division has acquired Professional Trade Shows from Penton Media Inc.

Terms were not disclosed.

PTS produces more than 25 regional shows serving the plant engineering and maintenance, building and facilities, material handling and machine tools markets.

The deal—the latest in a flurry of Penton sales—doubles Cygnus’ trade show portfolio.

"Cygnus has solid footing in the markets we serve and can provide cross-promotional opportunities for our shows as well as for our exhibitors trying to reach their customers," said PTS President Terrence Grogan.

--Matthew Schwartz

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