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M&A Deal Summary

The Institute of Electrical and Electronics Engineers Acquires GlobalSpec

On April 29, 2016, The Institute of Electrical and Electronics Engineers acquired information technology company GlobalSpec from IHS

Acquisition Highlights
  • This is The Institute of Electrical and Electronics Engineers’ 1st transaction in the Information Technology sector.
  • This is The Institute of Electrical and Electronics Engineers’ 1st transaction in the United States.
  • This is The Institute of Electrical and Electronics Engineers’ 1st transaction in New York.

M&A Deal Summary
Date 2016-04-29
Target GlobalSpec
Sector Information Technology
Buyer(s) The Institute of Electrical and Electronics Engineers
Sellers(s) IHS
Deal Type Divestiture

Target

GlobalSpec

East Greenbush, New York, United States
GlobalSpec is a specialized search engine and information resource for the engineering community.

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Buyer(S) 1

Buyer

The Institute of Electrical and Electronics Engineers

Piscataway, New Jersey, United States
Category Company
Sector Information Technology
DESCRIPTION

The Institute of Electrical and Electronics Engineers, Inc. (IEEE) is a technical professional organization dedicated to advancing technology for the benefit of humanity.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

IHS

Englewood, Colorado, United States
Category Company
Founded 1959
Sector Information Technology
Employees9,000
Revenue 2.2B USD (2015)
DESCRIPTION

IHS is a source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments rely on the content, expert independent analysis and flexible delivery methods of IHS to make decisions and develop strategies with speed and confidence. IHS was established in 1959 and is headquartered in Englewood, Colorado.

DEAL STATS #
Overall 1 of 4
Sector: Information Technology M&A 1 of 3
Type: Divestiture M&A Deals 1 of 4
State: New York M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 OPIS

Rockville, Maryland, United States

OPIS is a provider of oil industry pricing, news, analysis, and software. OPIS also provides edge software solutions for petroleum marketers looking to automate price collection, data storage, and repricing of dealer and commercial accounts. OPIS was founded in 1977 and is headquartered in Rockville, Maryland.

Buy $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Sphera

Chicago, Illinois, United States

Sphera is a global provider of Operational Excellence software and information services with a focus on Operational Risk, Environmental Health & Safety (EH&S), and Product Stewardship. Sphera is based in Chicago, Illinois.

Sell -
Mergr

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