ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE:IHS), the leading global source of critical information
and analytics, has completed its acquisition of R.L. Polk & Co, a
recognized leader in the automotive information industry. Previously,
IHS had announced its intent to acquire R.L. Polk & Co. on June 9, 2013;
closing occurred on July 15.
A conference call and webcast to discuss details of the acquisition will
be conducted on Tuesday, August 13, 2013 before the NYSE opens, during
which updated guidance will be provided based on the integration of this
strategic transaction. More information about that call, including time
of day and call-in information, will be issued in early August and will
be posted to the IHS website at http://investor.ihs.com.
R.L. Polk & Co. consists of two divisions – Polk and CARFAX – that
provide actionable market intelligence, powerful tools and analytics and
extensive vehicle history information. The combination of R.L. Polk &
Co. with IHS Automotive creates a comprehensive capability that will
significantly enhance customers’ insights and decision processes across
the full vehicle lifecycle with analytics from product planning through
manufacturing, sales and into automotive aftermarkets.
“Now that R.L. Polk & Co. is part of IHS Automotive, their comprehensive
information on vehicle registrations, ownership and repair allow us to
offer auto makers, automotive parts and technology suppliers and dealers
an unparalleled suite of products and services that span from portfolio
planning to the end of a vehicle’s life,” said Scott Key, IHS president
and CEO. “No one has connected automotive information so comprehensively
in markets around the world, or created the analytics solutions and
tools that we are currently developing to support the strategic
decisions of our customers.
“With this acquisition, IHS truly becomes the scaled, global player in
the capital-intensive automotive information industry, which also relies
heavily on electronics, chemicals, plastics and energy,” Key continued.
“The addition of Polk and CARFAX furthers our vision to become the
source of information, insight, expertise and knowledge across all of
our target industry sectors and to provide converged solutions that
create exceptional value for customers.”
Key added that IHS intends to expand Polk and CARFAX globally, building
on IHS infrastructure and presence in EMEA, APAC and high-growth markets
in Brazil, India, Russia and the Middle East and the combined
information and expertise of these great assets.
“The combination of IHS and R.L. Polk & Co. clearly strengthens both
companies and creates more growth and greater opportunities to increase
value for our customers,” said Stephen Polk, chief executive officer of
R.L. Polk & Co. “We look forward to enhancing key information and
insight on which our customers have come to rely to make critical
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 is
committed to sustainable, profitable growth and employs nearly 8,000
people in 31 countries around the world.
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