Southfield, Mich.-based R.L. Polk & Co. has been acquired by business data firm IHS Inc. in a $1.4 billion deal.
IHS, based in Englewood, Colo., would pick up both R.L. Polk, the respected 143-year-old global automotive data firm, and its wholly owned Carfax subsidiary. It has offices in the U.S., Canada, England, France, Spain, Italy, Germany, China, Japan and Australia.
The deal was announced June 9 and is expected to close later this year.