IHS Completes Acquisition of Oil Price Information Service (OPIS)
February 11 2016 - 6:00AM
Business Wire
IHS Inc. (NYSE: IHS), the leading global source of critical
information and insight, has completed its acquisition of Oil Price
Information Service (OPIS), an internationally referenced pricing
reporting agency that serves the oil, natural gas and biofuels
industries. IHS announced its intent to acquire OPIS on January 11,
2016; closing occurred on February 10.
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OPIS is the most complete source for U.S. refined petroleum
pricing data, news and analytics. OPIS information primarily serves
the downstream energy market and helps to further diversify the IHS
Energy portfolio.
OPIS (www.opisnet.com) will remain headquartered in
Gaithersburg, Maryland. The company employs 290 people and was
previously owned by UCG, a privately held portfolio of business
information, software and technology companies. OPIS was
represented by Centerview Partners.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of insight, analytics and
expertise in critical areas that shape today’s business landscape.
Businesses and governments in more than 140 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 approximately 8,600 people in 32 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. © 2016
IHS Inc. All rights reserved.
IHS FORWARD-LOOKING STATEMENTS: This release contains
“forward-looking statements” within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995.
Forward-looking statements can be identified by words such as:
“anticipate,” “intend,” “plan,” “goal,” “seek,” “aim,” “strive,”
“believe,” “project,” “predict,” “estimate,” “expect,” “continue,”
“strategy,” “future,” “likely,” “may,” “might,” “should,” “will,”
the negative of these terms, and similar references to future
periods. Forward-looking statements are neither historical facts
nor assurances of future performance. Instead, they are based only
on our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. A detailed discussion of some of
the risks and uncertainties that could cause our actual results and
financial condition to differ materially from the forward-looking
statements is described under the caption “Risk Factors” in our
most recent annual report on Form 10-K, along with our other
filings with the SEC.
Any forward-looking statement made by us in this release is
based only on information currently available to us and speaks only
as of the date on which it is made. We undertake no obligation to
publicly update any forward-looking statement, whether written or
oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise. Please consult
our public filings at www.sec.gov or www.ihs.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160211005212/en/
IHS Inc.News Media:Dan Wilinsky,
+1-303-397-2468dan.wilinsky@ihs.comorInvestor Relations:Eric Boyer,
+1-303-397-2969eric.boyer@ihs.com
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