IHS Shells Out $135M For Warburg-Owned Engineering Info Co.

Law360, New York (June 13, 2012, 9:17 PM EDT) -- Colorado business information services company IHS Inc. plunked down $135 million to take engineering search specialist GlobalSpec Inc. from private equity owner Warburg Pincus LLC, part of the buyer's long-term plan to develop its business through acquisitions, according to an announcement Tuesday.

The buy gives IHS access to GlobalSpec's user base, which encompasses some 7 million engineers worldwide, after the New York company registered 500,000 new users last year, the buyer said in supplemental investor materials on the acquisition.

GlobalSpec will be folded into an IHS...
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