July 18, 2013
IHS Inc. has completed its acquisition of R.L. Polk & Co.
R.L. Polk & Co. consists of two divisions – Polk and CARFAX – which provide market intelligence, analytics and vehicle history information.
IHS says the addition of R.L. Polk & Co. to the IHS Automotive division creates a comprehensive capability that will significantly enhance customers’ insights and decision processes across the full vehicle life cycle with analytics from product planning through manufacturing, sales and into the automotive aftermarket.
“Now that R.L. Polk & Co. is part of IHS Automotive, their comprehensive information on vehicle registrations, ownership and repair allow us to offer automakers, automotive parts and technology suppliers and dealers an unparalleled suite of products and services that span from portfolio planning to the end of a vehicle’s life,” says IHS president and CEO, Scott Key.
Key added that IHS intends to expand Polk and CARFAX globally.