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IHS Inc. (NYSE:IHS), the leading global source of critical information and analytics, has been granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and plans to close its acquisition of R.L. Polk & Co. during the week of July 15, subject to the satisfaction of customary closing conditions. IHS announced its intention to acquire R.L. Polk & Co., a recognized leader in providing automotive information and analytics solutions, on June 9, 2013.
IHS will provide more information about the acquisition and its plans regarding R.L. Polk & Co. in a conference call that will be announced following the closing.
R.L. Polk & Co. consists of two divisions – Polk and CARFAX – that provide actionable market intelligence, powerful tools and analytics and extensive vehicle history data. The combination of R.L. Polk with IHS Automotive will create a comprehensive capability that will significantly enhance customers’ insights and decision processes across the full vehicle lifecycle with analytics from product planning through manufacturing, sales and into automotive aftermarkets.
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.
About R.L. Polk & Co.(www.polk.com)
Polk is the premier provider of automotive information and marketing solutions. The organization collects and interprets global data, and provides extensive automotive business expertise to help customers understand their market position, identify trends, build brand loyalty, conquest new business and gain a competitive advantage. Polk helps automotive manufacturers and dealers, automotive aftermarket companies, finance and insurance companies, advertising agencies, media companies, consulting organizations, government agencies and market research firms make good business decisions. A privately held global firm, Polk is based in Southfield, Michigan with operations in Australia, Canada, China, France, Germany, Italy, Japan, South Korea, Spain, the United Kingdom and the United States.