In the US, IHS - which provides intelligence on the energy and environment sectors - has acquired technology research specialist iSuppli in a deal reported to be valued at around $95m.
iSuppli provides research and advisory services for a wide variety of technology market segments, including computer platforms, automotive, consumer electronics and both wired and wireless communications. The firm employs about 150 market research analysts and industry experts worldwide.
News of the iSuppli deal follows IHS's acquisition of Emerging Energy Research earlier in the year, which aimed to strengthen its position in the climate change and alternative energy information market.
IHS Chairman and CEO, Jerre Stead, says iSuppli will complement his firm's existing product design and supply chain business. 'The acquisition will help us develop new products and services for a variety of the vertical markets we serve,' Stead explained. 'In addition, we are acquiring an important asset base of analysts and researchers, as well as customers across Europe, in China, Japan, Korea and Taiwan.'
iSuppli President and CEO Derek Lidow (pictured) described the deal as delivering: 'the most accurate and trusted electronics information and insight to customers around the globe'.
As a result of the transaction, IHS is anticipating all-in revenue of between $1.21bn to $1.25bn, which includes 3%-4% revenue from the iSuppli acquisition and 6%-10% organic revenue growth.
Separately, IHS President and COO Jeffrey Tarr has elected to leave the company to pursue a CEO position elsewhere. He will be replaced by Scott Key, who was previously SVP of Global Products and Services/ COO of IHS Global Insight.
Web sites: www.ihs.com and www.isuppli.com .
All articles 2006-18 written and edited by Mel Crowther and/or Nick Thomas.