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J.D.Power Acquisition Complete
McGraw-Hill has completed its previously announced acquisition of J.D. Power and Associates. The announcement stresses continuity for the operations of the acquired company in terms of both key personnel and office locations.
Founder J.D. Power III will remain actively involved in strategic direction, and Stephen Goodall will continue as President, with responsibility for day-to-day operations. The company will maintain its Westlake Village, California, headquarters as well as its other regional offices.
McGraw-Hill Chairman, President and CEO Harold McGraw III says 'J.D. Power will benefit from our broad global presence, while providing a new direct link to consumers and creating new collaborative opportunities with our existing platforms in financial services, construction, energy and aviation'.
In addition to the automotive industry, J.D. Power and Associates has a growing presence in several other important industries, including finance and insurance, healthcare, home building, telecommunications and energy.
McGraw-Hill (officially 'The McGraw-Hill Companies') was founded in 1888 and provides information for financial services, education and business clients, with brands including Standard & Poor's, BusinessWeek and McGraw-Hill Education. 2004 sales were $5.3 billion. The company is online at www.mcgraw-hill.com . J.D. Power & Associates' web site is at www.jdpa.com
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