Acquisitive journal, books and business-to-business publisher Informa has acquired market analysts Datamonitor for £502m in cash today.
Under the terms of the agreement Informa will pay 650p per Datamonitor share. Informa, famed for publishing Lloyds List, has been on an acquisition spree of late, acquiring Triangle Journals, Institute of Physics book publishing arm and IIR Holdings in the last two years.
Datamonitor provides market intelligence and forecasts in six areas: automotive, consumer, energy, financial services, healthcare and telecoms and technology. Together the two companies expect to make savings of £3m. David Gilbertson Informa MD describes Datamonitor as a company that "slots" into Informa's existing offerings and will increase their range of products in those key six markets.
Datamonitor Michael Danson told the Daily Telegraph he founded the information company in 1990 on credit cards from a flat in West Hampstead.
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