Just Auto parent company GlobalData Plc has acquired LMC Automotive and LMCI Holdings Limited, which provide data, analytics, and insights of the automotive and agribusiness markets respectively.
In a statement, GlobalData said the acquisitions ‘add further scale and capabilities to our existing automotive intelligence proposition and brings new and unique gold standard Agribusiness data to broaden and complement our existing sector coverage’.
LMC Automotive is best known for its automotive markets forecast services, which extend to global databases of sales and production down to make, model and engine detail. LMC Automotive also runs industry conferences and has presence globally in all major automotive markets.
The latest acquisitions for GlobalData follow on from the Life Sciences acquisition earlier this year and GlobalData said they reflect a further step in its M&A strategy ‘to strengthen and expand our industry coverage and intelligence capabilities’. The company said a “‘One Platform’ approach to data, analytics and insights’ gives us a unique opportunity to fully integrate, scale and develop bolt-on acquisitions such as these”.
Commenting on the acquisitions Mike Danson, GlobalData’s Chief Executive Officer, said: “The automotive and agribusiness acquisitions represent strategic bolt-ons and the high quality gold standard content adds depth and further breadth to our intelligence offering.
“Our confidence in the success of these additions, as well as future M&A, is underpinned by the advantage of our One Platform model. It provides multiple levers for realizing synergies, as well as the ability to enhance product capabilities. The additions allow us to demonstrate the capability of our platform to new clients, as well as leveraging the operating efficiencies of scale.
“I would like to take this opportunity to welcome our new global group of highly talented colleagues and I look forward to sharing their future success within GlobalData.”
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