IHS Markit Acquires Novation Analytics
NEW YORK--(BUSINESS WIRE)--Oct 10, 2019--
IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced the acquisition of Novation Analytics, a specialist provider of software solutions, data analysis and advisory services to the automotive industry.
Novation Analytics focuses on the modelling of vehicle energy efficiency and CO 2 emissions compliance. The team is based in Auburn Hills, Michigan and headed by Greg Pannone and Heidi Schroeder.
“We have been working closely with Novation Analytics over the last few years, helping original equipment manufacturers and suppliers navigate the emissions compliance challenges,” said Tim Armstrong, vice president, automotive planning solutions at IHS Markit. “Having the team on board will help us scale our capabilities as we plan to bring new solutions to the market beyond the CO 2 emissions sector.”
“Car emission compliance is becoming ever more challenging for auto manufacturers,” added Greg Pannone, president of Novation Analytics. “Being part of the IHS Markit family enables us to provide a more holistic emissions modelling and simulation for automotive manufacturers and suppliers.”
About IHS Markit ( www.ihsmarkit.com )
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2019 IHS Markit Ltd. All rights reserved.
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: IHS Markit
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PUB: 10/10/2019 09:00 AM/DISC: 10/10/2019 09:01 AM