IHS Acquires EnvironMax, Inc.
Leading Supplier of Environmental, Health & Safety Compliance Solutions
Enhances IHS Environmental Management Offering
ENGLEWOOD, Colo. (Oct. 1, 2007) — IHS Inc. (NYSE:IHS), a leading global provider of critical technical information, decision-support tools and strategic services, today announced the acquisition of Salt Lake City-based EnvironMax, Inc., a leading provider of environmental management information systems (EMIS) solutions primarily to government and defense markets. Terms of the sale are $22.5 million in cash and 65,000 shares of IHS stock with a one-year lock up.
“EnvironMax is a leading provider of environmental management information solutions to the U.S. Department of Defense and other government agencies,” said Jeffrey R. Tarr, President and Chief Operating Officer, Engineering segment of IHS. “This acquisition leverages the strong IHS position in aerospace and defense, and broadens our emerging environmental business helping our customers address critical issues related to hazardous materials and the environment. This addition to our portfolio comes at a time when environmental and sustainability issues are of significant and growing importance to businesses and governments worldwide.”
IHS serves many industries worldwide, including energy, defense, aerospace, construction, and electronics, with critical technical intelligence and strategic insight. IHS now is positioned to offer its customers the option of integrating additional industry-leading environmental management solutions into the IHS decision-making products and services.
“We are extremely pleased to join IHS,” said Robert F. Craig, EnvironMax Chairman and Chief Executive Officer. “The global presence of IHS improves EnvironMax’s ability to serve clients in diverse geographic markets and grow into new and promising markets in the public and private sectors.”
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About IHS (www.ihs.com)
IHS (NYSE: IHS) is a leading provider of critical technical information, decision-support tools and related services to customers around the world. Our data and services are used in a broad number of industries, including energy, defense, aerospace, construction, electronics, and automotive. IHS translates the value of our global information, expertise and knowledge to enable customer success and create customer delight on a daily basis. Ranging from governments and large multinational corporations to smaller companies and technical professionals in more than 180 countries, customers rely on our offerings to facilitate decision making, support key processes and improve productivity. IHS has been in business for nearly 50 years and employs more than 3,000 people in 35 locations around the world.
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