IHS Acquires Intermat, Inc.

MRO Parts Optimization Software Tools and Services to Become a Core Piece of the IHS Parts Management Suite; Combined IHS Capabilities Will Provide Broadest Product, Content and Industry Solutions

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Thursday, September 16, 2004 12:00 am EDT

Dateline:

ENGLEWOOD, Colo.
"We are excited and confident about what this acquisition will mean for IHS, our customers, and the content and knowledge management industry, enabling organizations to solve their critical supply chain initiatives."

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Information Handling Services Inc. (IHS – www.ihs.com), the leading international provider of content integration and decision support tools, technical standards, codes and product specifications, parts management and logistics solutions, today announced that it acquired the assets of Intermat, Inc. (www.intermat.com), the world’s leading provider of parts optimization software tools and services.

The Intermat customer service and product development operations, and current product families — including Struxure®, SMD™ (Standard Modifier Dictionary) and MRO.Master™ — will continue as Intermat Solutions, under the IHS brand, from their Houston, Texas facilities. The worldwide IHS sales organization and IHS dealer network will sell and implement the Intermat Solutions products and parts optimization services.

“The combination of IHS and Intermat is a winning one for customers. As a result, customers will have access to the broadest suite of integrated engineering and technical content with maintenance, repair and operations parts optimization tools and services in the world,” said IHS President and COO, Charles Picasso. “We are excited and confident about what this acquisition will mean for IHS, our customers, and the content and knowledge management industry, enabling organizations to solve their critical supply chain initiatives.”

For 26 years, Intermat has helped Global 2000 companies optimize and manage their maintenance, repair and operations (MRO) parts and equipment catalogs. The integration of Intermat’s MRO software tools and services will enable IHS to market the broadest suite of parts management products and solutions to customers in aviation and aerospace, architecture/engineering/construction, automotive, electronics and electrical, government and military, petrochemical and energy, telecommunications, utilities, and other manufacturing industries.

“The employees of both companies have a passion for customer service,” said Intermat CEO, Blair Garrou. “The combination of IHS’ leadership in the specs and standards, content integration and services marketplace, with Intermat’s position as the acknowledged leader in MRO and indirect parts optimization tools and services, will provide IHS with the ability to serve many more customers and markets in ways that no other vendor can.”

IHS and Intermat have enjoyed a strategic partnership over the past year. The acquisition of Intermat assets adds over 200 clients in a variety of industrial manufacturing sectors, including utilities, oil and gas, chemicals, food and beverage, and pharmaceuticals to IHS’ customer base. In addition, Intermat’s software tools are used daily by over 1,000 plants and facilities in 27 countries.

About Intermat, Inc.
Intermat, Inc. is the leading provider of parts optimization software tools and services for the industrial maintenance, repair and operations (MRO) marketplace. Intermat’s software tools are used daily by over 1,000 industrial plants and facilities in 27 countries. Intermat’s parts optimization services have enabled its customers to realize tangible and sustainable cost benefits by eliminating excess inventory and procurement costs, improving plant and equipment throughput, and realizing maximum benefits from their enterprise resource planning (ERP) and enterprise asset management (EAM) systems. For more information, please visit www.intermat.com.

About IHS
U.S.-based IHS® (www.ihs.com) is the worldwide leader in developing and implementing engineering, technical and regulatory information solutions for customers in over 100 countries. IHS produces comprehensive collections of technical codes and standards, safety publications, design guidelines, vendor and logistics/parts information, and software tools. IHS solutions include Internet, DVD/CD-ROM subscriptions and customized solutions such as information portals and systems integration. Individual standards and publications are available via the company’s retail arm, Global Engineering Documents®. IHS is part of IHS Group, which employs more than 2,300 people worldwide and serves the vital information needs of customers across the world’s engineering, technical, business and professional sectors. IHS is a recipient of the Governor’s Award for Excellence in Exporting and is a proud sponsor of ColoradoFIRST™, a youth-focused Science & Technology program, which promotes teamwork and cultivates the technical aptitude of future engineers.

For more information on IHS products and services, visit www.ihs.com.

IHS and the IHS logo are registered trademarks of IHS Group, Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2004 IHS Group, Inc. All rights reserved.

Contact:

IHS Press Desk
+1 303-305-8021