IHS Acquires CSM Worldwide
March 17 2010 - 4:01PM
Business Wire
IHS Inc. (NYSE: IHS), a leading global source of critical
information and insight, today announced the acquisition of CSM
Worldwide, a leading automotive market forecasting firm dedicated
to providing automotive suppliers with market information and
production, powertrain and sales forecasting. The purchase price is
approximately $27 million.
“CSM’s strengths in the supplier market, production and
powertrain analysis, and North American and Asian customer markets
are highly complementary to IHS strengths in original equipment
manufacturer (OEM), sales analysis and European markets,” said IHS
Chairman and Chief Executive Officer Jerre Stead. “The growing
global automotive market is an attractive opportunity for IHS, with
a high demand for information and insight to help drive large
capital decisions.”
CSM Worldwide provides trusted automotive market forecasting
services and strategic advisory solutions to the world's top
automotive manufacturers, suppliers and financial organizations.
More than 85 percent of the world's top automotive OEMs and
suppliers subscribe to CSM for their forecasting needs and
strategic planning. With offices around the world focusing on the
automotive OEM environment, CSM delivers comprehensive global
analysis based on detailed local market intelligence. The company’s
core services include the Vehicle Production Forecast Service,
Vehicle Sales Forecast Service, Powertrain Forecast Service, Supply
Chain & Technology Forecast Service and Advisory Service.
IHS automotive is comprised of more than 100 analysts located in
eight countries. Collectively, the team has more than 650 years of
experience working in the automotive industry, many with previous
experience in analytical, planning, engineering, and management
positions at over 40 different vehicle manufacturers, suppliers,
and automotive consulting and information companies. IHS automotive
analysts and consultants provide information, analysis, forecasts
and advisory services to organizations involved with the automotive
industry helping clients develop more effective business strategies
and the achievement of better financial results.
“Becoming a part of IHS creates tremendous opportunity and
allows us to leverage the experience and expertise of both
organizations to better serve our customers around the world,” said
CSM Worldwide Founder, President and CEO Craig Cather, who will
direct the combined automotive forecasting and analysis operations
of CSM and IHS. “Our combined automotive forecasting business will
offer clients unparalleled intelligence related to the global
automotive market.”
Stead added: “Our colleagues have done an outstanding job in
developing best-in-class products and services for our customers,
and the addition of CSM Worldwide and its colleagues supplements
and expands our position in the automotive intelligence space
making us the best choice for customers around the world. The
commercial and operational synergies of a combined IHS and CSM
automotive business will expand our sales opportunities through new
and larger customer relationships and leverage existing investments
in information management tools and platforms to better serve an
industry that is rapidly returning to profitability and sustained
demand, production and investment.”
IHS is unique in the marketplace in its ability to support
strategic decision-making through a wide range of critical
information, insight and decision-support tools in pivotal areas
that shape today’s business landscape: energy, economics,
geopolitical risk, sustainability and supply chain management.
Businesses and governments around the globe rely on the company’s
comprehensive content, expert independent analysis and flexible
delivery methods to make high-impact decisions and develop
strategies with speed and confidence.
CSM Worldwide was established in 1991 and has offices in
Detroit, Frankfurt, London, Paris, Shanghai, Tokyo, Delhi, Bangkok
and Seoul.
About IHS
(www.ihs.com)
IHS (NYSE: IHS) is a leading global source of critical
information and insight, dedicated to providing the most complete
and trusted information and expertise. IHS product and service
solutions span four areas of information that encompass the most
important concerns facing global business today: Energy, Product
Lifecycle, Security, and Environment, all supported by
Macroeconomics. By focusing on customers first, IHS enables
innovative and successful decision-making for customers ranging
from governments and multinational companies to smaller companies
and technical professionals in more than 180 countries. IHS has
been in business since 1959 and employs more than 4,200 people in
30 countries.
IHS is headquartered in Englewood, Colorado, a suburb of Denver,
and has offices in 38 locations 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 © 2010 IHS Inc. All rights reserved.
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