Original Press Release
SAE International Acquires ABP International, dba Tech Briefs Media Group
Press release date: April 3, 2012
WARRENDALE, Pa., -- Dr. David L. Schutt, CEO, SAE International, announces that, through a stock purchase, it has acquired ABP International, dba Tech Briefs Media Group, which is now a subsidiary of SAE International.
With primary offices in New York and New Jersey, Tech Briefs Media Group employs 35 people and publishes a variety of design engineering magazines and supplements in both print and digital formats, including their well-known flagship publication, NASA Tech Briefs. Their various publications, supplements and websites focus on R&D, design and manufacturing topics spanning many technologies, including: motion control, lighting, medical, defense, RF & microwave, embedded computing, photonics and imaging, among others. The magazines have over 400,000 readers monthly and, with digital products, total audience reach is about 600,000 worldwide. Tech Briefs Media Group generates approximately $9.5 million in revenue each year.
"We are pleased to welcome Tech Briefs Media Group and all its employees into SAE International's global business family," said Thomas J. Drozda, Director of Program and Product Development, SAE International. "This exciting business partnership is a major step forward in achieving SAE's long-term mission and strategic vision in service to the global design community. The addition of Tech Briefs Media Group strengthens SAE's service in the global aerospace, automotive and commercial vehicle sectors and expands SAE's reach into certain new but related engineering design spaces."
Tech Briefs Media Group's President & Publisher, Joseph Pramberger, sees an opportunity for accelerated growth and product development. "By working together (with SAE International), we can expand faster. Together, we can combine the best of both organizations to achieve accelerated growth through many new products and services for the R&D and design functions worldwide - like new publications, conferences, training courses and a lot more."
SAE International is a global association of more than 134,000 engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries. SAE International's core competencies are life-long learning and voluntary consensus standards development. SAE International's charitable arm is the SAE Foundation, which supports many programs for students, including A World In Motion® and the Collegiate Design Series.
The sale became effective April 1, and was facilitated with the assistance of Whitestone Communications, Inc., based in New York City.
- www.sae.org -
Contact: Shawn Andreassi of SAE International, 1-724-772-8522 or firstname.lastname@example.org