Englewood-based IHS on Thursday said it would acquire IMS Research for $46 million.
The announcement comes on the heels of news that IHS’s first-quarter earnings grew by 17 percent over the same period a year ago.
The information and analytics company acquired the Wellingborough, U.K.-based IMS as a means to extend its global reach, chairman and chief executive Jerre Stead said in a statement.
“The acquisition of IMS Research will help us expand our products and services in the technology, media and telecommunications value chain,” Stead said. “The annual delivery nature of the IMS Research business is also an excellent fit for our subscription-based model.”
IMS provides research with data and in-depth market insight to original equipment manufacturers, component manufacturers and systems suppliers in the global electronics industry.
IHS’s first-quarter earnings for 2012 were $343 million, up from the $293 million it reported for the same period in 2011. Net income for the first quarter was $23 million, down from the $32 million reported a year earlier.
“The first quarter marked significant continued investment in and implementation of many of the scalable platforms we have been building over the last few years,” Stead said.
David Migoya: 303-954-1506, dmigoya@denverpost.com
