LMC Automotive, part of the LMC group, Acquires Automotive Forecasting Division from J.D. Power
Strategic Alliance between LMC International and LMC Automotive Ensures Existing Relationship Remains Strong
OXFORD, UK: 1 NOVEMBER 2011 – LMC Automotive, a newly formed part of the LMC group, today announced that 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.
“We are very excited about this acquisition, which will allow LMC Automotive to build upon our strong analytical forecasting presence,” said Pete Kelly, Managing Director of LMC Automotive. “We look forward to concentrating on our goal of aligning our products to meet the ever-changing needs of this dynamic industry and providing the best automotive forecasting and market intelligence services available.”
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.
There will also be a positive impact for LMC International’s clients. “We are delighted with the acquisition,” said Robert Simmons, LMC International’s Head of Tyre and Rubber Research. “It ensures that our tyre and rubber customers will continue to benefit from the best available vehicle market analysis and forecasting. Working more closely with LMC Automotive than ever before, we will be able to adapt and expand our services, bringing our delivery systems into line with, and surpassing, what the industry expects.”
LMC Automotive is part of the LMC group. LMC is the global leader in economic and business consultancy for the agribusiness sector. Founded in 1980, it is privately owned and headquartered in the UK, with further offices in the USA, Singapore, Hong Kong and Kuala Lumpur and a partner office in Brazil.
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.
The acquisition represents a complete circle as the original LMC Automotive Forecasting, previously owned by LMC International, has been working with J.D. Power and Associates since the mid-1990's and was acquired by that company in 2004.
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