X

Data firm buying R.L. Polk for $1.4B

Jason Cannon June 11, 2013

Business analytics firm IHS Inc. says it will acquire automotive data firm R.L. Polk & Co. for $1.4 billion.

The transaction includes both Polk and CARFAX divisions.

“The acquisition of R.L. Polk brings extensive and complementary information and analytical solutions that would establish IHS as a vital strategic partner of the global automotive value chain,” IHS President and Chief Executive Officer Scott Key says. “The combination with IHS Automotive creates 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.”

R.L. Polk consists of two divisions – Polk and CARFAX – that provide actionable market intelligence, powerful tools and analytics and extensive vehicle history data. For nearly a century, the company has synthesized the fragmented big data “exhaust” of the automotive industry into meaningful, insightful, reliable and intuitive offerings to stakeholders across the value chain.”

Poll

Have you revised your truck sales forecast for 2015 in the past 6 months?

Latest

The top 10 aftermarket products by customer interest

Volvo Group facilities earn DOE recognition

JOST International hits manufacturing milestone

Popular

Albuquerque tech takes top Rush honors

Navistar narrows losses, posts 4Q net loss

Bonus depreciation gets Senate approval, awaits president’s signature

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.