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IHS buys auto forecaster CSM Worldwide for $27M

Wed, 03/17/2010 - 1:30pm
The Associated Press

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.

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