ENGLEWOOD, Colo. (July 16, 2013) — Research firm IHS Inc. has completed its acquisition of R.L. Polk & Co., a research firm focused on the automotive industry, along with its Carfax vehicle history service.
"Now that R.L. Polk & Co. is part of IHS Automotive, their comprehensive information on vehicle registrations, ownership and repair allow us to offer auto makers, automotive parts and technology suppliers and dealers an unparalleled suite of products and services that span from portfolio planning to the end of a vehicle's life," said Scott Key, IHS president and CEO. "No one has connected automotive information so comprehensively in markets around the world, or created the analytics solutions and tools that we are currently developing to support the strategic decisions of our customers….
"The addition of Polk and Carfax furthers our vision to become the source of information, insight, expertise and knowledge across all of our target industry sectors and to provide converged solutions that create exceptional value for customers," Mr. Key said.
Englewood-based IHS intends to expand Polk and Carfax globally, he said, building on IHS infrastructure and presence in other countries.