Gardner Buys AutoBeat Group

Cincinnati-based Gardner Business Media Inc. has acquired AutoBeat Group LLC, which produces this Web site. Terms were not disclosed.

Gardner is forming a new Automotive Group that will combine its Automotive Design and Production magazine and autofieldguide.com Web site with the AutoBeat Group's online properties: AutoBeat Daily, AutoBeat Europe, AutoBeat Asia, AutoTech Daily, AutoBeatInsider.com and AdvancedMobilityProject.com.

The new Gardner unit will be led by AD&P Publisher Mike Vohland. AutoBeat Founder and Publisher Bill Hampton will continue as publisher of the AutoBeat properties.

AD&P covers developments in product and process technology news for executives, designers and engineers at carmakers and their suppliers. AutoBeat Group's newsletters deliver daily business news for the auto industry's upper-level executives.

Gardner is an 87-old family-owned company that also produces such magazines as Modern Machine Shop, Plastics Technology and CompositesWorld, plus their associated digital products, research and live events.