IHS Markit, a London-based information, analytics, and solutions company that operates an office facility in Southfield, has acquired Auburn Hills’ Novation Analytics, a provider of software solutions, data analysis, and advisory services to the automotive industry. Details of the transaction were not disclosed.
“We have been working closely with Novation Analytics over the last few years, helping original equipment manufacturers and suppliers navigate the emissions compliance challenges,” says Tim Armstrong, vice president of automotive planning solutions at IHS Markit. “Having the team on board will help us scale our capabilities as we plan to bring new solutions to the market beyond the CO2 emissions sector.”
Novation Analytics focuses on the modelling of vehicle energy efficiency and CO2 emissions compliance.
“Car emission compliance is becoming ever more challenging for auto manufacturers,” says Greg Pannone, president of Novation Analytics. “Being part of the IHS Markit family enables us to provide a more holistic emissions modelling and simulation for automotive manufacturers and suppliers.”
IHS Markit delivers its information, analytics, and solutions to customers in business, finance, and government to improve operational efficiency and provide insights. It has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions.