IHS Completes Acquisition of Oil Price Information Service (OPIS)
ENGLEWOOD, Colo.— IHS Inc. (NYSE: IHS), the leading global source of critical information and insight, has completed its acquisition of Oil Price Information Service (OPIS), an internationally referenced pricing reporting agency that serves the oil, natural gas and biofuels industries. IHS announced its intent to acquire OPIS on January 11, 2016; closing occurred on February 10.
OPIS is the most complete source for U.S. refined petroleum pricing data, news and analytics. OPIS information primarily serves the downstream energy market and helps to further diversify the IHS Energy portfolio.
OPIS (www.opisnet.com) will remain headquartered in Gaithersburg, Maryland. The company employs 290 people and was previously owned by UCG, a privately held portfolio of business information, software and technology companies. OPIS was represented by Centerview Partners.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 140 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs approximately 8,600 people in 32 countries around the world.
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Dan Wilinsky, +1-303-397-2468
Eric Boyer, +1-303-397-2969