Acquisition of Automotive and Agribusiness Assets

RNS Number : 6589V

GlobalData PLC

15 December 2021

 

15 December 2021

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."

ENQUIRIES:

GlobalData Plc
Mike Danson, Chief Executive Officer	0207 936 6400
Graham Lilley, Chief Financial Officer
Brokers
Bill Hutchings/ Mose Adigun - J.P. Morgan Cazenove (Nomad and joint broker)	0207 742 4000
Erik Anderson/ Alina Vaskina - Panmure Gordon (Joint Broker)	020 7886 2500
Hudson Sandler
Nick Lyon	0207 796 4133

 

END

 

 

ACQFFSFALEFSELE