IHS Inc. last week acquired U.K.-based The McCloskey Group Ltd. for approximately 14.4 million pounds. The McCloskey Group provides information and analysis on the international coal markets. The company was founded in 1987 to provide coal and energy newsletters to the Financial Times.
The McCloskey Group's current stable of products includes eight print and electronic publications, annual conferences and consulting services. Coal producers, traders, shippers and consumer blue-chip customers rely on these offerings.
This deal will ultimately help IHS bolster its energy-related offerings to assist IHS in providing a more comprehensive suite of news and analysis for this market. It's not a particularly large transaction, but it will undoubtedly play a significant role in helping IHS become a more complete information and services provider for the energy market and for its overall customer base.