Business Services Industry
IHS Inc. Completes Two Acquisitions; Company Continues to Execute on Long-Term Strategy
Business Wire, June 8, 2006
ENGLEWOOD, Colo. -- IHS (NYSE: IHS), a leading global provider of critical technical information, decision-support tools, and strategic and operational services, today announced the completion of two separate acquisition transactions: GeoPLUS Corporation and Construction Research Communications (CRC) Limited.
Focusing on acquisition opportunities that offer a sound strategic fit with the IHS operating segments -- Energy and Engineering -- these moves enhance existing IHS core capabilities and add value for customers in the energy and construction industries worldwide. The combined purchase price of these two businesses was approximately $47 million and was paid from existing cash on hand.
"These two attractive acquisitions, like others we've done and will do, are customer-driven and allow us to be even more effective in delivering our high-quality critical technical information, decision-support tools, and strategic and operational services," said Charles Picasso, IHS President and CEO. "Smart acquisitions like this also help us to profitably grow the company and supplement our strong organic growth objectives and operational efficiency goals."
In the Energy segment, IHS has acquired GeoPLUS Corporation of Tulsa, Okla. GeoPLUS has a PC-based software family, PETRA(R), which is a popular platform used by oil and gas companies to analyze subsurface data from existing oil and gas wells. This acquisition will enhance decision support tools that our oil and gas customers use to analyze the information in our critical exploration and production databases.
In the Engineering segment, IHS has acquired CRC Limited, of London, UK. CRC was created by the Building Research Establishment (BRE) and Emap Construct to deliver a wide range of BRE products relating to the construction industry, ranging from environmental issues to fire safety. This acquisition provides construction professionals and users of BRE data with one of the largest and most comprehensive single sources of critical information for the UK construction industry and other markets utilizing British construction standards.
About IHS (www.IHS.com)
IHS (NYSE: IHS) is one of the leading global providers of critical technical information, decision-support tools and related services to customers in a number of industries including energy, defense, aerospace, construction, electronics, and automotive through two operating segments: Engineering and Energy. We serve customers ranging from governments and large multinational corporations to smaller companies and technical professionals in more than 100 countries. Our customers rely on our offerings to facilitate decision making, support key processes and improve productivity. We have been in business for more than 45 years and employ more than 2,300 people around the world.
IHS Forward-Looking Statements: This release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Such statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products, and services, and statements regarding future performance. Forward-looking statements are generally identified by the words "expect," "anticipate," "believe," "intend," "estimate," "plan" and similar expressions. Although IHS and its management believe that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties - many of which are difficult to predict and generally beyond the control of IHS - that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified by IHS from time to time in its public filings. Other than as required by applicable law, IHS does not undertake any obligation to update or revise any forward-looking information or statements. Please consult our public filings at www.sec.gov or www.ihs.com.
IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright (C) 2006 IHS Inc. All rights reserved.
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