Technology  December 28, 2015

Carfax owner buys Carproof for $460 million

Douglas County-based IHS Inc., an information and analytics firm that owns the Carfax automotive information service, has acquired Carproof Corp., a similar service based in Canada, for $460 million, according to The Denver Post.

Acquisition of the 15-year-old company will give IHS a foothold in Canada, company officials said. IHS had acquired Carfax owner R.L. Polk & Co. in 2013.

 

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Douglas County-based IHS Inc., an information and analytics firm that owns the Carfax automotive information service, has acquired Carproof Corp., a similar service based in Canada, for $460 million, according to The Denver Post.

Acquisition of the 15-year-old company will give IHS a foothold in Canada, company officials said. IHS had acquired Carfax owner R.L. Polk & Co. in 2013.

 

 

Dallas Heltzell
With BizWest since 2012 and in Colorado since 1979, Dallas worked at the Longmont Times-Call, Colorado Springs Gazette, Denver Post and Public News Service. A Missouri native and Mizzou School of Journalism grad, Dallas started as a sports writer and outdoor columnist at the St. Charles (Mo.) Banner-News, then went to the St. Louis Post-Dispatch before fleeing the heat and humidity for the Rockies. He especially loves covering our mountain communities.
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