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Morningstar agrees to acquire Hemscott businesses from Ipreo

Published on .

Chicago—Investment research firm Morningstar Inc. announced that it will acquire the Hemscott businesses from Ipreo Holdings for $51.6 million in cash.

Under the agreement, Morningstar will acquire Hemscott Data, which provides financial information on publicly traded companies in the U.S., Canada, the U.K. and Ireland; Hemscott India, a data collection center in New Delhi; Hemscott.com, an investment-research Web site; and Hemscott IR, an investor relations and corporate communications firm, both of which are based in the U.K.

The deal is expected to close in early January.

Morningstar Chairman-CEO Joe Mansueto owns Mansueto Ventures, publisher of Fast Company and Inc.

—Matthew Schwartz

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