IHS Global Insight Buys CSM Worldwide
By Bill Visnic March 19, 2010Industry consultant IHS Global Insight announced this week it is acquiring auto-supplier data and forecasting firm CSM Worldwide for $27 million.
Global Insight delivers financial and economic analysis for a broad range of industries and entities, but its automotive-sector consultancy is one of its better-known businesses. The acquisition of CSM Worldwide will give Global Insight direct access to CSM's supplier-focused data and market information.
"CSM's strengths in the supplier market, production and powertrain analysis, and North American and Asian customer markets are highly complementary to services provided by IHS," the company said in a statement.
"Becoming a part of IHS creates tremendous opportunity and allows us to leverage the experience and expertise of both organizations to better serve our customers around the world," said CSM Worldwide founder, president and CEO Craig Cather, who will direct the combined automotive forecasting and analysis operations of CSM and IHS. "Our combined automotive forecasting business will offer clients unparalleled intelligence related to the global automotive market."
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