Houston, TX (PRWEB) April 22, 2014
Hart Energy today announced it has acquired all the information services assets of Zeus Intelligence from Houston-based Zeus Development Corp. Both companies are privately held and terms of the acquisition were not disclosed.
The deal includes all Zeus Intelligence operations and employees responsible for its events, databases, biweekly reports and project consulting services, including the World LNG Fuels conferences. Zeus focuses on LNG, upstream natural gas, gas-to-liquids, and gasification technologies. The move significantly strengthens Hart Energy’s position in providing information to the world’s rapidly expanding LNG market.
“This is an ideal fit for us,” said Hart Energy CEO Rich Eichler. “LNG imports into Asia and other countries without adequate energy reserves are expected to grow significantly over the next 10 years, and the surging global market for LNG was the key driver behind our decision to acquire the Zeus Intelligence assets. Its portfolio of information products aligns perfectly with ours and really strengthens our capabilities in Australia, where we recently launched Oil and Gas Investor Australia magazine and our DUG Australia conference.”
Bob Nimocks, founder of Zeus Development, said, “Joining Hart enables our customers and clients to benefit from the energy industry’s premier provider of news, data and analysis. We are thrilled to be a part of this growing global organization.” Nimocks will stay onboard to ensure an orderly transition and to advise management as the Zeus Intelligence assets are combined with Hart Energy operations.
The acquisition aligns with Hart Energy’s established publishing, conferences, data services, and research and consulting businesses, so the former Zeus employees will be integrated across the board into the newly expanded organization.
About Hart Energy
For 40 years, Hart Energy editors and experts have delivered market-leading insights to investors and energy industry professionals. The Houston-based company produces magazines (such as Oil and Gas Investor, E&P and Midstream Business); online news and data services; industry conferences (like the DUG™ series); GIS data sets and mapping solutions; and a range of research and consulting services. For information, visit hartenergy.com