IHS Acquires PFC Energy
Advisory firm covering oil and gas value chainexpands IHS presence among leading oil, gas and financial companies in Europe, APAC and the Middle East
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- IHS Inc. (NYS: IHS) , the leading global source of critical information and analytics, today announced the acquisition of PFC Energy, a well-established leader in providing information, insight, and analytical products and services for the oil and gas value chain.
"The acquisition of PFC Energy brings energy information and research depth and strengthens our presence in North America, Europe, Asia Pacific and the Middle East," said Scott Key, IHS president and chief executive officer. "For more than 25 years, PFC Energy has built a solid reputation as an integrated information, research and advisory firm covering the oil and gas value chain. This gives us the opportunity to expand the IHS presence in high-growth markets, and to leverage the skills and expertise of regionally located research colleagues who will support the growth of critical IHS energy solutions."
The emergence of unconventional oil and gas has created a revolution with global impact across all sectors of the energy industry. According to Key, PFC Energy's strong focus on upstream and downstream energy insights will allow IHS to provide new, complementary solutions to support customers' workflows and decisions.
"With PFC Energy, we join forces with a company that already serves a blue-chip client base composed of leading oil, gas and financial companies," Key said. "Their market analysis and models integrate seamlessly with our capabilities, enabling IHS to accelerate our current organic development across the entire oil and gas value chain."
About IHS ( www.ihs.com )
IHS (NYS: 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 more than 6,700 people in 31 countries around the world.
About PFC Energy ( www.pfcenergy.com )
PFC Energy is a global consulting firm specializing in the oil and gas industry. Its clients are oil and gas operators, national oil companies, service companies, investors, governments and other stakeholders. PFC Energy has focused exclusively on the energy sector for since 1984, covering all phases of the energy value chain, and the assets and activities of key countries and companies. An independent partnership with more than 130 professional staff, PFC is based in Washington, D.C. and also maintains offices in Houston, Kuala Lumpur, Moscow, Paris, Beijing and Singapore.
IHS FORWARD-LOOKING STATEMENTS: This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products, and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expect," "anticipate," "believe," "intend," "estimate," "plan" and similar expressions. Although IHS and its management believe that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties--many of which are difficult to predict and generally beyond the control of IHS--that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified by IHS from time to time in its public filings. Other than as required by applicable law, IHS does not undertake any obligation to update or revise any forward-looking information or statements. Please consult our public filings at www.sec.gov or www.ihs.com.
KEYWORDS: United States North America Colorado District of Columbia
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