IHS Acquires Two Environmental Health and Safety Information Companies
September 22 2010 - 4:03PM
Business Wire
IHS Inc. (NYSE: IHS), a leading global source of critical
information and insight, today announced the acquisition of two
leading environmental health and safety information companies,
Atrion International Inc., and Syntex Management Systems Inc., for
a combined purchase price of approximately $80 million.
The acquisitions significantly enhance existing IHS capabilities
in the environmental health and safety (EHS) and sustainability
arena by complementing and expanding the company’s existing health
and safety compliance, product stewardship and incident/crisis
management solutions.
“Atrion and Syntex products and services are proven market
leaders in their own right, providing distinctive capabilities and
proven value to customers,” said IHS Chairman and Chief Executive
Officer Jerre Stead. “Customers will now have access to even more
robust solutions from a single provider, IHS, with the broadest and
deepest EHS and sustainability information content, software and
expertise in the marketplace.”
Atrion International Inc., founded in 1989, combines regulatory
expertise and industry-leading technology to streamline the
generation, management and distribution of hazardous materials
communication documents and reports. By seamlessly integrating its
solutions with customers existing work processes and systems,
Atrion improves efficiency while delivering accurate and compliant
output. At the heart of Atrion’s product compliance solutions is
industry-leading regulatory content covering more than 50 countries
in 44 languages with more than 300,000 chemicals, 15,000 regulatory
phrases, 5,000-plus proprietary algorithms and more than 100
regulatory forms. Atrion International is headquartered in
Montreal, Quebec, Canada with offices in the United States and
Europe, significantly enhancing the IHS EHS and Sustainability
European customer base with localized subject matter expertise and
support.
“Combining existing IHS capabilities for managing safety data
sheets and chemical inventories with Atrion’s solutions for product
compliance and regulatory document authoring will enable IHS to
more fully support customers’ health and safety compliance and
product stewardship needs,” said Atrion International President and
Chief Executive Officer Patrick J. Lavoie. “We are excited to join
IHS in solidifying a leading position in the EHS and sustainability
marketplace and provide additional value for customers in this
rapidly evolving regulatory landscape.”
Syntex Management Solutions Inc., founded in 1995 in Houston,
Texas, is a leading provider of operational risk management
software and services that help companies ensure the health and
safety of their workers, avoid devastating accidents, protect the
environment and cut costs. Syntex solutions turn continuous
improvement strategies into repeatable processes for assessing
risks and implementing corrective measures. In addition, Syntex
offers benchmarking services that utilize detailed operational data
gathered from top safety practitioners in order to help companies
institute the latest industry best practices. Syntex
enterprise-level solutions are deployed in more than 100 countries
and translated into more than 20 languages.
“As a pioneer in the field of risk management, Syntex
strengthens existing IHS health and safety compliance and
incident/crisis management capabilities, supporting the company’s
commitment to deliver complete EHS and
sustainability solutions,” said Syntex President and Chief
Executive Officer Trent Derr. “In a field where many firms are
newcomers with limited experience and expertise, IHS continues to
build an unparalleled stable of industry, domain and technical
expertise, and we are proud to be a part of that evolution.”
Stead added: “IHS is committed to meeting the growing customer
demand for environmental health and safety compliance, product
stewardship, incident/crisis management, greenhouse gas and energy
management, environmental compliance and corporate responsibility
solutions. The acquisition of Atrion and Syntex represents a major
step in our strategy to turn EHS and Sustainability information
management into a powerful driver for business success.”
Additional information about these transactions will be provided
on the previously announced IHS third quarter earnings conference
call today at 5:00 p.m. EDT.
About IHS
(www.ihs.com)
IHS (NYSE: IHS) is a leading source of information and insight
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
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 4,400 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.
Copyright © 2010 IHS Inc. All rights reserved.
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