REG - GlobalData PLC - Acquisition of Automotive and Agribusiness Assets

GlobalDataAnnouncement

15/12/2021 07:00

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RNS Number : 6589V  GlobalData PLC  15 December 2021

15 December 2021

 

GlobalData Plc

("GlobalData" or the "Company")

Acquisition of Automotive and Agribusiness Intelligence Assets

GlobalData Plc, the leading provider of industry intelligence, today announces
the acquisition of both LMCA Holdings Limited and LMCI Holdings Limited, which
provide data, analytics, and insights of the Automotive and Agribusiness
markets respectively.

The acquisitions add further scale and capabilities to our existing Automotive
intelligence proposition and brings new and unique gold standard Agribusiness
data to broaden and complement our existing sector coverage.

The acquisitions, following on from the Life Sciences acquisition earlier this
year, reflect a further step in our M&A strategy to strengthen and expand
our industry coverage and intelligence capabilities. Our 'One Platform'
approach to data, analytics and insights gives us a unique opportunity to
fully integrate, scale and develop bolt-on acquisitions such as these.

The acquisitions will be funded through existing facilities.

Commenting on the acquisitions Mike Danson, Chief Executive Officer, said:

"The Automotive and Agribusiness acquisitions represent strategic bolt-ons and
the high quality gold standard content adds depth and further breadth to our
intelligence offering.

Our confidence in the success of these additions, as well as future M&A,
is underpinned by the advantage of our One Platform model. It provides
multiple levers for realizing synergies, as well as the ability to enhance
product capabilities. The additions allow us to demonstrate the capability of
our platform to new clients, as well as leveraging the operating efficiencies
of scale.

I would like to take this opportunity to welcome our new global group of
highly talented colleagues and I look forward to sharing their future success
within GlobalData."

 

ENQUIRIES:

 GlobalData Plc

 Mike Danson, Chief Executive Officer                                         0207 936 6400

 Graham Lilley, Chief Financial Officer

 Brokers

 Bill Hutchings/ Mose Adigun - J.P. Morgan Cazenove (Nomad and joint broker)  0207 742 4000

 Erik Anderson/ Alina Vaskina - Panmure Gordon (Joint                         020 7886 2500
 Broker)

 Hudson Sandler

 Nick Lyon                                                                    0207 796 4133

 

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