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ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analytics, announced today that it has acquired BDW Automotive GmbH, a leader in the development of information and planning systems and intelligent processing of vehicle databases for the automotive industry, for approximately $8 million.
“This acquisition significantly expands our capabilities in the automotive dealer and aftermarket data and systems market,” said IHS Chairman and Chief Executive Officer Jerre Stead. “The company’s historical market and pricing data, forecasting software and detailed regional registration data is an excellent complement to our IHS Automotive products and services.”
As a specialized service provider to the automotive industry, BDW Automotive supports leading manufacturers, suppliers, service providers and financial companies worldwide in the development of new sales potential, the optimization of production capacities, and the reorganization of sales networks through state-of-the-art information technology systems, forecasting and consulting services. The company helps customers recognize global trends, plan products and define and manage sales areas with critical information and planning systems. BDW Automotive customers can evaluate multiple sources of information and data in one integrated system that can be customized for selective access to databases, analytical components and reports for each individual user.
“IHS has built a very strong automotive capability and the products and services of BDW Automotive will add tremendous value for the company’s automotive industry customers,” said BDW Automotive Managing Director Detlef Borscheid. “We are looking forward to joining the IHS Automotive team to help create an even more comprehensive customer solution.”
BDW Automotive is headquartered in Leverkusen, Germany and employs 24 people.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 5,500 people in more than 30 countries around the world.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. © 2012 IHS Inc. All rights reserved.