IHS Plans $1.4 Billion Acquisition of Carfax Operator RL Polk

carfax
Alamy
ENGLEWOOD, Colo. - Business information and analytics firm IHS says it will spend $1.4 billion to buy the privately held R.L. Polk, which operates vehicle history report provider Carfax.

IHS Inc. (IHS) says the deal will help it build its stake in the automotive industry. It says Polk's businesses will complement existing IHS Automotive products and open up large adjacent markets.

Polk has about $400 million in annual revenue and also runs a division that provides market data, analysis and tools to help business customers predict and analyze performance.

IHS plans to pay for the deal with equity, cash on hand and debt.

IHS is based in Engelwood, Colo.

Increase your money and finance knowledge from home

Income Investing

Grow your nest-egg.

View Course »

What are Penny Stocks

The lucrative and dangerous world of penny stocks.

View Course »

Add a Comment

*0 / 3000 Character Maximum