IHS Inc. (NYSE:IHS), the leading global source of critical information and analytics, today announced the acquisition of PFC Energy, a well-established leader in providing information, insight, and analytical products and services for the oil and gas value chain.
“The acquisition of PFC Energy brings energy information and research depth and strengthens our presence in North America, Europe, Asia Pacific and the Middle East,” said Scott Key, IHS president and chief executive officer. “For more than 25 years, PFC Energy has built a solid reputation as an integrated information, research and advisory firm covering the oil and gas value chain. This gives us the opportunity to expand the IHS presence in high-growth markets, and to leverage the skills and expertise of regionally located research colleagues who will support the growth of critical IHS energy solutions.”
The emergence of unconventional oil and gas has created a revolution with global impact across all sectors of the energy industry. According to Key, PFC Energy’s strong focus on upstream and downstream energy insights will allow IHS to provide new, complementary solutions to support customers’ workflows and decisions.
“With PFC Energy, we join forces with a company that already serves a blue-chip client base composed of leading oil, gas and financial companies,” Key said. “Their market analysis and models integrate seamlessly with our capabilities, enabling IHS to accelerate our current organic development across the entire oil and gas value chain.”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 is committed to sustainable, profitable growth and employs more than 6,700 people in 31 countries around the world.