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Acquisition Expands and Enhances IHS Comprehensive Automotive Information and Insight
ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), a leading global source of critical information and insight, today announced the acquisition of CSM Worldwide, a leading automotive market forecasting firm dedicated to providing automotive suppliers with market information and production, powertrain and sales forecasting. The purchase price is approximately $27 million.
“CSM’s strengths in the supplier market, production and powertrain analysis, and North American and Asian customer markets are highly complementary to IHS strengths in original equipment manufacturer (OEM), sales analysis and European markets,” said IHS Chairman and Chief Executive Officer Jerre Stead. “The growing global automotive market is an attractive opportunity for IHS, with a high demand for information and insight to help drive large capital decisions.”
CSM Worldwide provides trusted automotive market forecasting services and strategic advisory solutions to the world's top automotive manufacturers, suppliers and financial organizations. More than 85 percent of the world's top automotive OEMs and suppliers subscribe to CSM for their forecasting needs and strategic planning. With offices around the world focusing on the automotive OEM environment, CSM delivers comprehensive global analysis based on detailed local market intelligence. The company’s core services include the Vehicle Production Forecast Service, Vehicle Sales Forecast Service, Powertrain Forecast Service, Supply Chain & Technology Forecast Service and Advisory Service.
IHS automotive is comprised of more than 100 analysts located in eight countries. Collectively, the team has more than 650 years of experience working in the automotive industry, many with previous experience in analytical, planning, engineering, and management positions at over 40 different vehicle manufacturers, suppliers, and automotive consulting and information companies. IHS automotive analysts and consultants provide information, analysis, forecasts and advisory services to organizations involved with the automotive industry helping clients develop more effective business strategies and the achievement of better financial results.
“Becoming a part of IHS creates tremendous opportunity and allows us to leverage the experience and expertise of both organizations to better serve our customers around the world,” said CSM Worldwide Founder, President and CEO Craig Cather, who will direct the combined automotive forecasting and analysis operations of CSM and IHS. “Our combined automotive forecasting business will offer clients unparalleled intelligence related to the global automotive market.”
Stead added: “Our colleagues have done an outstanding job in developing best-in-class products and services for our customers, and the addition of CSM Worldwide and its colleagues supplements and expands our position in the automotive intelligence space making us the best choice for customers around the world. The commercial and operational synergies of a combined IHS and CSM automotive business will expand our sales opportunities through new and larger customer relationships and leverage existing investments in information management tools and platforms to better serve an industry that is rapidly returning to profitability and sustained demand, production and investment.”
IHS is unique in the marketplace in its ability to support strategic decision-making through a wide range of critical information, insight and decision-support tools in pivotal areas that shape today’s business landscape: energy, economics, geopolitical risk, sustainability and supply chain management. Businesses and governments around the globe rely on the company’s comprehensive content, expert independent analysis and flexible delivery methods to make high-impact decisions and develop strategies with speed and confidence.
CSM Worldwide was established in 1991 and has offices in Detroit, Frankfurt, London, Paris, Shanghai, Tokyo, Delhi, Bangkok and Seoul.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is a leading global source of critical information and insight, dedicated to providing the most complete and trusted information and expertise. IHS product and service solutions span four areas of information that encompass the most important concerns facing global business today: Energy, Product Lifecycle, Security, and Environment, all supported by Macroeconomics. By focusing on customers first, IHS enables innovative and successful decision-making for customers ranging from governments and multinational companies to smaller companies and technical professionals in more than 180 countries. IHS has been in business since 1959 and employs more than 4,200 people in 30 countries.
IHS is headquartered in Englewood, Colorado, a suburb of Denver, and has offices in 38 locations around the world.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2010 IHS Inc. All rights reserved.
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