IHS appears intent on cornering the market in energy research. Following its acquisition of Cambridge Energy Research Associates (OITJ, September 2004), IHS has now bagged Norwalk, CT-based John S. Herold, Inc. in a $48 million cash transaction. Herold provides in-depth analyses and key financial and operational data on more than 400 global oil and gas companies.
IHS president Ron Mobed said, ‘Herold shares our vision of providing high-quality critical information and insight, and adds commercial evaluations and company fundamental analyses to our oil and gas industry coverage. The acquisition expands our offering to operating companies, banking and investment communities, broadening and deepening the reach of IHS across the energy sector.’
Herold chairman and CEO Art Smith added, ‘The data, information and research capabilities of Herold and IHS are complementary and will enable insights from wellhead to Wall Street.’ Founded in 1948, Herold’s online transaction databases and deal analysis are used in ‘virtually every’ major oil and gas company. Herold also holds the annual Pacesetters Energy Conference.
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