GlobalData Plc
(“GlobalData” or the “Company”)
Acquisition of Automotive and Agribusiness Intelligence Assets
GlobalData Plc, the leading provider of industry intelligence, today announces the acquisition of both LMCA Holdings Limited and LMCI Holdings Limited, which provide data, analytics, and insights of the Automotive and Agribusiness markets respectively.
The acquisitions add further scale and capabilities to our existing Automotive intelligence proposition and brings new and unique gold standard Agribusiness data to broaden and complement our existing sector coverage.
The acquisitions, following on from the Life Sciences acquisition earlier this year, reflect a further step in our M&A strategy to strengthen and expand our industry coverage and intelligence capabilities. Our 'One Platform' approach to data, analytics and insights gives us a unique opportunity to fully integrate, scale and develop bolt-on acquisitions such as these.
The acquisitions 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.
I would like to take this opportunity to welcome our new global group of highly talented colleagues and I look forward to sharing their future success within GlobalData.”