IHS Completes Three Strategic Acquisitions
March 05 2012 - 7:00AM
Business Wire
IHS Inc. (NYSE: IHS), the leading global source of information
and analytics, announced today that it has closed three strategic
acquisitions: Displaybank, a global authority in market research
and consulting for the display industry; the Computer Assisted
Product Selection (CAPSTM) electronic components database and tools
business, including CAPS Expert, from PartMiner Worldwide, and the
digital oil and gas pipeline and infrastructure information
business from Hild Technology Services. The combined purchase price
of the acquisitions is approximately $45 million. Due to the timing
of these transactions, there is no impact to the company’s first
quarter 2012 financial results. IHS plans to update its full year
2012 financial guidance for the impact of these acquisitions on its
previously announced earnings conference call being held on March
22, 2012.
Displaybank delivers a portfolio of products and services
focused on subscription-based market and planning advisory
services, consulting-based business advisory services, conferences
and events serving the global flat-panel display industry. Its
products and services are relied upon by flat-panel display value
chain senior executives and decision makers around the world. The
company offers a strong primary research footprint in Asia,
delivering extensive local and Asia-regional data collection
related to flat-panel displays, and offers a growth opportunity for
semiconductor-specific Asian primary research capabilities. Founded
in 1999, Displaybank is headquartered in Seoul, Korea, with offices
in the U.S., Japan, China and Taiwan.
“The acquisition of Displaybank will help to solidify our
position as a world-leading provider of technology, media and
telecommunications information and analysis,” said IHS Chairman and
Chief Executive Officer Jerre Stead. “With its base of operations
in Korea, Displaybank will also deepen our Asia Pacific research
and analysis capabilities – an area that’s critical to our
company’s growth.”
The CAPS database is a leading source for identifying specific
electronic components based on engineering specifications. It
combines information on more than 265 million physical devices,
along with intuitive tools for integration into engineering design
processes and applications. It includes comprehensive and current
information for electronic and electro-mechanical components to
support engineering selection and procurement decisions for
military and commercial applications.
CAPS data is essential for original equipment manufacturers or
electronic manufacturing service product teams including design and
component engineers, supply chain, manufacturing and quality
assurance personnel. Users can easily find substitute and
replacement options for obsolete parts or components that are in
short supply, as well as access parametric data, life-cycle
forecasts, and material data to choose the right components for
their design.
IHS President and Chief Operating Officer Scott Key said: “The
acquisition of the CAPS family of products will significantly
enhance our existing electronic parts information business to
provide greater breadth and depth of content to our global
customers. The CAPS content coverage, selection and list management
tools, sourcing relationships and integration framework, along with
the subscription nature of the CAPS business, makes it an excellent
strategic fit for IHS as well.
“Combining the CAPS database with the existing IHS electronic
components database will create the largest solution in the
industry, both in terms of parts and manufacturing count, enabling
us to deliver even greater value to our customers in this critical
market.”
Hild Technology’s digital oil and gas pipeline and
infrastructure information business meets a critical need for
energy producers and refiners in North America, offering pipeline
infrastructure information for upstream strategic planners, gas
marketers and refiners. The information is updated daily and
available on a national, state and county level, and is delivered
via shapefiles, geodatabase and secure data exchange, along with 11
years of historical data.
According to Key, the acquisition of Hild’s oil and gas pipeline
and infrastructure information business “will help IHS meet a
critical need for energy producers and refiners in North America by
integrating it into the existing IHS Midstream Essentials product
and creating an even more robust offering that adds tremendous
value for our customers.”
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight
and analytics in critical areas that shape today’s business
landscape. Businesses and governments in more than 165 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 employs more than
5,500 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. © 2012
IHS Inc. All rights reserved.
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