IHS acquires Prime Publications

IHS Inc. has acquired Prime Publications, which owns 50% of Lloyd's Register-Fairplay, for $75.5 million.

Offshore staff

ENGLEWOOD, Colorado -- IHS Inc. has acquired Prime Publications, which owns 50% of Lloyd's Register-Fairplay, for $75.5 million.

Lloyd's Register-Fairplay provides details of the current world merchant fleet (tankers, cargo, carrier, and passenger ships) and a complete range of products and services to assist the world's maritime community. Lloyd's Register-Fairplay also manages and issues the industry standard ship and shipping company numbering system on behalf of the International Maritime Organization.

Prime Publications dates its origins from 1883 and publishes the shipping magazineFairplay International. The Lloyd's Register-Fairplay joint-venture company was formed in July 2001 through the merger of Lloyd's Register's Maritime Information Publishing Group and Prime Publications.

"Lloyd's Register-Fairplay is a natural complement to our Jane's Information Group business, which is a powerful brand in the security arena," says Jerre Stead, chairman and CEO of IHS. "Its current products and services are relevant to every major current customer group of Jane's, including those in the national security, aerospace and defense, transport, public safety, and law enforcement communities."

03/03/2008

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