New York – IHS Inc. announced on Tuesday that it is buying iSuppli Corp., an industry consultant specializing on the electronics value chain. IHS expects to complete the deal by November 15th at the latest and while the majority of stories citing the deal did not disclose financial terms, one site did cite the number at around $95 Million.
Goldman Sach’s took a minority investment in iSuppli in April of 2007. The company acquired Screen Digest, a media-focused research, publishing and consulting company in June of 2010 and the Telematics Research Group in July of 2008.
iSuppli offers market analysis reports on an annual, semi-annual, quarterly and monthly basis; interactive market intelligence tools; topical workshops; multi-client benchmarking studies; custom consulting engagements; integrated solutions (i.e. proprietary intelligence, solution design, program implementation, and performance measurement). Additionally, iSuppli offers proprietary data supporting their products.
IHS has acquired a number of firms in the past including John S. Herold, CERA, Global Insight, and in March of 2010, CSM Worldwide for $27 Million. IHS Chairman and CEO Jerre Stead believes that iSuppli will provide a “complement to the existing IHS Product Design and Supply Chain business”, specifically helping to beef up their electronics, manufacturing and supply chain markets.
One other piece of news coming out of IHS, unrelated to iSuppli, is the fact that President and COO Jeffrey Tarr will be leaving the company to pursue a CEO position elsewhere.
The press release is below:
IHS to Acquire iSuppli Corporation; Announces Full 2011 Financial Guidance
ENGLEWOOD, Colo., November 02, 2010 – IHS Inc. (NYSE:IHS), a leading global source of critical information and insight, today announced it has signed a definitive agreement to acquire iSuppli Corporation, the global leader in technology value chain research and advisory services. The transaction is expected to be completed on or before November 15, 2010.
“This acquisition is an excellent complement to the existing IHS Product Design and Supply Chain business, and further builds our position as a key information provider in the electronics, manufacturing and supply chain markets,” said IHS Chairman and Chief Executive Officer Jerre Stead. “Combined with the IHS electronic components information business, and our global commodity and economic outlooks, customers will have access to a full suite of robust information services across the entire electronics value chain.”
iSuppli is the global leader in electronics technology research and advisory services serving a wide variety of market segments including computer platforms, automotive, consumer electronics and both wired and wireless communications. Product offerings range from electronic component research to device-specific application market forecasts, from teardown analysis to consumer electronics, and from display device and systems research to hardware design forecasting.
iSuppli serves companies involved in high-tech services, consumer electronics, multi-national industrial conglomerates, financials, and governments. iSuppli has successfully expanded their capabilities to encompass the full electronics value chain from fundamental electronic component supply to end-market demand. This complete value chain view is critical to operating and investment decisions of electronics manufacturers and across many core IHS market verticals which rely on electronics and electronic components.
“iSuppli was founded with a dedication to helping our clients improve performance in the electronics value chain by providing facts and analysis for success,” said iSuppli President and Chief Executive Officer Derek Lidow. “Our business strategy, team of industry veterans combined with our strong commitment to customers and colleagues are excellent complements to IHS, and we look forward to joining with them to deliver the most accurate and trusted electronics information and insight to customers around the globe.”
Stead added: “Taking advantage of existing IHS expertise, the acquisition of iSuppli will help us develop new products and services for a variety of the vertical markets we serve. In addition, we are acquiring an important asset base of analysts and researchers, as well as customers across Europe, in China, Japan, Korea and Taiwan.”
The acquisition of iSuppli is subject to closing conditions contained in the definitive agreement.