IHS Completes Three Strategic Acquisitions
Transactions enhance IHS capabilities in technology, media and telecommunications; electronic components and energy
ENGLEWOOD, Colo.--(BUSINESS WIRE)--IHS Inc. (NYSE: IHS), the leading global source of information and analytics, announced today that it has closed three strategic acquisitions: Displaybank, a global authority in market research and consulting for the display industry; the Computer Assisted Product Selection (CAPSTM) electronic components database and tools business, including CAPS Expert, from PartMiner Worldwide, and the digital oil and gas pipeline and infrastructure information business from Hild Technology Services. The combined purchase price of the acquisitions is approximately $45 million. Due to the timing of these transactions, there is no impact to the company’s first quarter 2012 financial results. IHS plans to update its full year 2012 financial guidance for the impact of these acquisitions on its previously announced earnings conference call being held on March 22, 2012.
Displaybank delivers a portfolio of products and services focused on subscription-based market and planning advisory services, consulting-based business advisory services, conferences and events serving the global flat-panel display industry. Its products and services are relied upon by flat-panel display value chain senior executives and decision makers around the world. The company offers a strong primary research footprint in Asia, delivering extensive local and Asia-regional data collection related to flat-panel displays, and offers a growth opportunity for semiconductor-specific Asian primary research capabilities. Founded in 1999, Displaybank is headquartered in Seoul, Korea, with offices in the U.S., Japan, China and Taiwan.
“The acquisition of Displaybank will help to solidify our position as a world-leading provider of technology, media and telecommunications information and analysis,” said IHS Chairman and Chief Executive Officer Jerre Stead. “With its base of operations in Korea, Displaybank will also deepen our Asia Pacific research and analysis capabilities – an area that’s critical to our company’s growth.”
The CAPS database is a leading source for identifying specific electronic components based on engineering specifications. It combines information on more than 265 million physical devices, along with intuitive tools for integration into engineering design processes and applications. It includes comprehensive and current information for electronic and electro-mechanical components to support engineering selection and procurement decisions for military and commercial applications.
CAPS data is essential for original equipment manufacturers or electronic manufacturing service product teams including design and component engineers, supply chain, manufacturing and quality assurance personnel. Users can easily find substitute and replacement options for obsolete parts or components that are in short supply, as well as access parametric data, life-cycle forecasts, and material data to choose the right components for their design.
IHS President and Chief Operating Officer Scott Key said: “The acquisition of the CAPS family of products will significantly enhance our existing electronic parts information business to provide greater breadth and depth of content to our global customers. The CAPS content coverage, selection and list management tools, sourcing relationships and integration framework, along with the subscription nature of the CAPS business, makes it an excellent strategic fit for IHS as well.
“Combining the CAPS database with the existing IHS electronic components database will create the largest solution in the industry, both in terms of parts and manufacturing count, enabling us to deliver even greater value to our customers in this critical market.”
Hild Technology’s digital oil and gas pipeline and infrastructure information business meets a critical need for energy producers and refiners in North America, offering pipeline infrastructure information for upstream strategic planners, gas marketers and refiners. The information is updated daily and available on a national, state and county level, and is delivered via shapefiles, geodatabase and secure data exchange, along with 11 years of historical data.
According to Key, the acquisition of Hild’s oil and gas pipeline and infrastructure information business “will help IHS meet a critical need for energy producers and refiners in North America by integrating it into the existing IHS Midstream Essentials product and creating an even more robust offering that adds tremendous value for our customers.”
About IHS (www.ihs.com)
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 employs more than 5,500 people in more than 30 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. © 2012 IHS Inc. All rights reserved.