LMC buys out JD Power partner

ERJ staff report (DS)

Oxford, UK -- Oxford-based LMC Automotive said it has acquired the automotive forecasting division from long-time alliance partner J.D. Power and Associates, a business unit of The McGraw-Hill Companies. Terms of the acquisition, which is effective immediately, were not disclosed.

LMC and J.D. Power began working together in the area of automotive forecasting and market intelligence in the mid-1990s. Today, in addition to data sharing and collaborating at conferences and events, the ongoing alliance will result not only in continuity of services, but also new product opportunities in the context of the increased focus each company can now achieve.

LMC provides market intelligence, analysis and advice to clients who include most of the major organisations around the world involved with agricultural commodities, foods, industrial materials, biofuels and their end-markets. Through its work on rubber and tyres, the company made an organic move into the automotive industry, launching its first service in 1992.

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Press release from LMC