IHS buys auto forecaster CSM Worldwide for $27M
IHS Inc., a provider of energy and security information to governments and large companies, said Wednesday it is acquiring automotive forecasting company CSM Worldwide for about $27 million.
CSM Worldwide provides vehicle production and sales forecasts and other research to car makers, suppliers and financial organizations.
IHS has its own automotive research division and said in a statement that acquiring CSM will help it expand that service.
Further financial details of the transaction were not disclosed.