IHS Snaps Up PFC Energy

US information and analytics firm IHS is to acquire PFC Energy, which provides information, insight, and analytical products and services to the oil and gas sector. Terms of the deal were not disclosed.

PFC has focused exclusively on the energy sector since 1984, and its clients include oil and gas operators, national oil companies, service companies, investors, governments and other stakeholders. An independent partnership with more than 130 professional staff, PFC is based in Washington DC, and also has offices in Houston, Kuala Lumpur, Moscow, Paris, Beijing and Singapore.

Scott Key (pictured), IHS President and CEO, says the acquisition will enhance its own portfolio of energy information and research services for clients across North America, Europe, Asia Pacific and the Middle East. 'With PFC Energy, we join forces with a company that already serves a blue-chip client base composed of leading oil, gas and financial companies. Their market analysis and models integrate seamlessly with our capabilities, enabling IHS to accelerate our current organic development across the entire oil and gas value chain'.

Earlier this month, IHS announced it is to acquire automotive research specialist R.L. Polk & Co. for $1.4bn.

Web sites: www.ihs.com and www.pfcenergy.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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