IHS Acquires Global Insight

Englewood, Colorado-based IHS said Thursday afternoon it has acquired Global Insight, a provider of global macroeconomic information, analysis and consulting services to corporations, financial institutions and governments. According to IHS, it will pay $200M for Global Insight, which had estimated 2008 revenues of approximately $120M. IHS said the acquisition represents a 9-10X multiple on 2009 EBITDA. According to IHS, Scott Key, currently SVP, President, and COO of Jane's Information Group, will head up Global Insight as it is integrated into IHS. IHS was advised by Morgan Stanley in the deal; Global Insight was advised by Signal Hill.