IHS To Buy OPIS - Quick Facts

(RTTNews) - IHS Inc. (IHS) announced it has signed a definitive agreement to acquire Oil Price Information Service, or OPIS, an internationally referenced pricing reporting agency that serves the oil, natural gas and biofuels industries, for $650 million. OPIS is headquartered in Gaithersburg, Maryland.

Jerre Stead, IHS chairman and CEO, said: "The acquisition of OPIS represents a new area of business for IHS and gives IHS visibility across the entire petroleum value chain, from wellhead to consumer. OPIS, along with our recently announced acquisition of CARPROOF, both provide IHS with high EBITDA margin and strong organic growth."