Information services company IHS Inc. agreed to buy GlobalSpec Inc., a search engine of engineering and industrial products, for $135 million from Warburg Pincus, Reuters reported Tuesday.
(Reuters) – Information services company IHS Inc agreed to buy GlobalSpec Inc, a search engine of engineering and industrial products, for $135 million from Warburg Pincus LLC.
“It (the deal) will enable a dramatic transformation of our product design portfolio representing approximately 15 percent of our revenue,” IHS CEO Jerre Stead said in a statement.
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