IHS Completes Acquisition of R.L. Polk & Co.
Jul 16th 2013 6:14AM
Updated Jul 16th 2013 6:18AM
IHS Completes Acquisition of R.L. Polk & Co.
- Move Creates Leader for Automotive Information and Analysis
- Conference call and webcast to discuss acquisition details set for August 13, 2013
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- IHS Inc. (NYS: 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 decisions."
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 nearly 8,000 people in 31 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. Copyright © 2013 IHS Inc. All rights reserved.
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.
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