The deal also includes conferences and events and Harriman Chemsult, a market information system for the chemical industry. With the move, IHS, which already had paid information products serving the energy, economics, geopolitical risk, sustainability and supply chain management sectors, now moves into the chemical industry.
“This acquisition will help IHS leverage its extensive energy and economic analysis assets within the chemical industry and become a key building block for establishing IHS as a leading chemical industry information provider,” IHS Chairman-CEO Jerre Stead said in a statement.
Rockville, Md.-based Access Intelligence is owned by private equity firm Veronis Suhler Stevenson. IHS is a publicly traded company.
The divestment of these products by Access Intelligence shrinks the company significantly—SRIC alone accounted for about 25% of the company’s revenue. Access still offers information products in the health care management, communications and aerospace markets, and its brands include the Aircraft Value News, CableFAX Daily and Defense Daily newsletters.