Enter multiple symbols separated by commas

Informa Buys Datamonitor for $994 Million

Informa, the publisher of Lloyd's List maritime newspaper, said Monday it agreed to buy market intelligence firm Datamonitor for 502 million pounds ($994 million; 737 million euros).

Informa said the acquisition will add extra business data and content to its portfolio and expects the deal to save it 3 million pounds ($6 million, 4.5 million euros) a year in costs.

Informa Managing Director David Gilbertson said in a statement the acquisition will help its information products, especially in the health care, financial services and telecoms sector. It will also improve its technology and energy data businesses, he said.

Informa shares rose 0.2% to 623 pence ($12.35; 9.16 euros) on Monday morning.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.