IHS acquired Carproof Corporation for $460m.

IHS, the leading global source of critical information and insight, acquired Carproof Corporation, a Canada-based company that offers products and services in vehicle history, appraisal and valuation for the automotive industry, for $460m. Jerre Stead, chairman and chief executive officer of IHS, said: “Like CARFAX, CARPROOF is a high-growth business and gives IHS the opportunity to expand our vehicle history report services into Canada. By combining the capabilities of CARPROOF and CARFAX, we also will accelerate product development to better serve the needs of our customers. This acquisition will add a highly accretive revenue-growth and EBITDA-margin business for IHS, and provide significant room for further growth.”