GlobalData Plc has acquired LMCA Holdings Limited and LMCI Holdings Limited, which provide data, analytics, and insights of the Automotive and Agribusiness markets respectively. The terms of the deal were not disclosed.
LMC Automotive is best known for its automotive markets forecast services, which extend to global databases of sales and production down to make, model and engine detail. LMC Automotive also runs industry conferences.
LMC International is an independent economic consulting firm specialising in global agricultural commodity and agribusiness sectors.
The acquisitions, follow on from the Life Sciences acquisition earlier this year and will be funded through existing facilities.
Commenting on the acquisitions Mike Danson, Chief Executive Officer, said: “The Automotive and Agribusiness acquisitions represent strategic bolt-ons and the high quality gold standard content adds depth and further breadth to our intelligence offering. Our confidence in the success of these additions, as well as future M&A, is underpinned by the advantage of our One Platform model. It provides multiple levers for realizing synergies, as well as the ability to enhance product capabilities. The additions allow us to demonstrate the capability of our platform to new clients, as well as leveraging the operating efficiencies of scale.”
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