IHS Inc, a global source of critical information and insight, today announced it has signed a definitive agreement to acquire the DisplaySearch and Solarbuzz businesses of The NPD Group, Inc., a market research firm. The acquisition is subject to customary closing conditions and is expected to be completed two weeks.
DisplaySearch, founded in 1996, has quickly become a strong player in conducting Asia-based primary research in display technology. It provides market forecasting services, advisory solutions and events to display value chain players around the world. Solarbuzz offers market intelligence, research and forecasting for the solar industry, with a focus on the photovoltaic supply chain.
Together, these two businesses – which will be integrated into the IHS Technology business line – will position IHS as a premier global provider of displays research and as a top provider of solar market information, said Scott Key, president and chief executive officer of IHS.
The DisplaySearch and Solarbuzz teams currently total nearly 70 professionals in six office locations: Austin, Texas (US), Santa Clara, California (US); Seoul; Shanghai; Taipei and Tokyo. More than half of these experts are based in Asia, many in the Greater China market. A small number of colleagues are also based in the United Kingdom.
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