Market research firm IHS, known in the PV sector as IHS iSuppli, has continued a campaign of recent acquisitions with the purchase of IMS Research, another well-known research house that covers the PV sector, for approximately US$46 million.
“The acquisition of IMS Research will help us expand our products and services in the technology, media and telecommunications (TMT) value chain, and better position IHS to deliver a more robust product offering to our customers in the global technology marketplace,” said IHS chairman and CEO Jerre Stead. “The annual delivery nature of the IMS Research business is also an excellent fit for our subscription-based model.”
IMS Research had been operating for over 20 years, having been founded in 1989. Headquartered in Wellingborough, UK, the company employs more than 140 people in the UK, US, China, Japan, South Korea and Taiwan.