IHS Inc. (IHS) to Acquire GlobalSpec in $135M Deal

IHS Inc. (NYSE: IHS), has signed a definitive agreement to acquire GlobalSpec, Inc., the leading specialized vertical search, product information and digital media company serving the engineering, manufacturing and related scientific and technical market segments, from Warburg Pincus LLC. The $135 million acquisition is subject to customary closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Due to the vibrant community of engineers and manufacturing knowledge workers that GlobalSpec has developed, it has become a key destination for engineers as well as suppliers of products and services that support a worldwide engineering audience. The company has a global user base of more than seven million registered users – a user community that grew by 500,000 new registrants during 2011. GlobalSpec is headquartered in East Greenbush, N.Y. and employs approximately 230 people.

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