GlobalData PLC Acquisition of Life Sciences business (1926L)
09 September 2021 - 4:00PM
UK Regulatory
TIDMDATA
RNS Number : 1926L
GlobalData PLC
09 September 2021
9 September 2021
GlobalData Plc
("GlobalData" or the "Company")
Acquisition of Life Sciences business
GlobalData Plc, the leading provider of industry intelligence,
today announces its agreement to acquire the Life Sciences business
of IHS Markit Ltd. ("LS").
LS offers comprehensive and independent coverage of drug
pricing, reimbursement and market access trends, as well as
healthcare forecasts and healthcare economic data microsimulation
modelling. These capabilities represent a strategic addition to our
existing pharmaceuticals vertical and will result in a true
end-to-end offering with industry leading breadth and depth for our
clients.
Completion, which is subject to certain closing conditions, is
expected to occur during Q4 of 2021 and will be funded from the
Group's existing cash resources and banking facilities.
Commenting on the acquisition Mike Danson, Chief Executive
Officer, said:
"The Life Sciences acquisition represents a strategic bolt-on to
our already strong pharmaceuticals data, insights and analytics
services. The addition of drug pricing data, as well as other
critical Life Sciences data and analysis, further confirms our
industry leading breadth and depth in the pharmaceuticals
space.
I would like to take this opportunity to welcome our new group
of highly talented colleagues to the Group and wish them every
success for the future within GlobalData"
Gustav Ando, Vice President and Head of Life Sciences at IHS
Markit, added:
"We are looking forward to becoming an integral part of the
GlobalData Pharma and Life Sciences Team. This unique combination
will enable us to provide our current and expanded client base with
a much broader service offering, through synergy with existing
GlobalData services, and on a single fully integrated
platform."
ENQUIRIES:
GlobalData Plc
Mike Danson, Chief Executive Officer 0207 936 6400
Graham Lilley, Chief Financial Officer
Brokers
Bill Hutchings/ Mose Adigun - J.P. Morgan Cazenove (Nomad and
joint broker) 0207 742 4000
Adam Miller - HSBC (Joint broker) 0207 991 8888
Erik Anderson/ Alina Vaskina - Panmure Gordon (Joint Broker) 020
7886 2500
Hudson Sandler
Nick Lyon 0207 796 4133
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END
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