IHS Buys BDW Automotive GmbH
Apr 04, 2012 (Close-Up Media via COMTEX) --
IHS, Inc., a global source of information and analytics, announced in a March 29 release that it has acquired BDW Automotive GmbH, a company focused on the development of information and planning systems and intelligent processing of vehicle databases for the automotive industry, for approximately $8 million.
"This acquisition significantly expands our capabilities in the automotive dealer and aftermarket data and systems market," said IHS Chairman and Chief Executive Officer Jerre Stead. "The company's historical market and pricing data, forecasting software and detailed regional registration data is an excellent complement to our IHS Automotive products and services."
As a specialized service provider to the automotive industry, BDW Automotive supports manufacturers, suppliers, service providers and financial companies worldwide in the development of new sales potential, the optimization of production capacities, and the reorganization of sales networks through information technology systems, forecasting and consulting services. The company helps customers recognize global trends, plan products and define and manage sales areas with critical information and planning systems. BDW Automotive customers can evaluate multiple sources of information and data in one integrated system that can be customized for selective access to databases, analytical components and reports for each individual user.
"IHS has built a very strong automotive capability and the products and services of BDW Automotive will add tremendous value for the company's automotive industry customers," said BDW Automotive Managing Director Detlef Borscheid. "We are looking forward to joining the IHS Automotive team to help create an even more comprehensive customer solution."
BDW Automotive is headquartered in Leverkusen, Germany, and employs 24 people.
Headquartered in Englewood, Colo., USA, IHS employs more than 5,500 people in more than 30 countries around the world.
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