IHS Markit acquires Novation Analytics

IHS Markit, a world leader in critical information, analytics and solutions, today announced the acquisition of Novation Analytics, a specialist provider of software solutions, data analysis and advisory services to the automotive industry.

Novation Analytics focuses on the modelling of vehicle energy efficiency and CO2 emissions compliance. The team is based in Auburn Hills, Michigan and headed by Greg Pannone and Heidi Schroeder.

“We have been working closely with Novation Analytics over the last few years, helping original equipment manufacturers and suppliers navigate the emissions compliance challenges,” said Tim Armstrong, vice president, 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.”
“Car emission compliance is becoming ever more challenging for auto manufacturers,” added 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.”