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Gartner Buying AMR Research in $64 MN Deal
02 Dec 2009
Global technology research and advisory firm Gartner Inc has agreed to acquire AMR Research Inc for about $64 million to expand its research offerings and complement its consulting and events businesses.
AMR, which is projected to have nearly $40 million in revenue this year, serves supply-chain management and information-technology professionals. The acquisition of AMR Research is expected to expand Gartner's suite of research offerings and also complement its consulting and events businesses, enhancing its ability to further penetrate the vast market opportunity for syndicated research.
AMS is the market leader for research related to supply chain management, which is inextricably linked to IT and has become a central and growing issue for many organizations. The acquisition will give Gartner an immediate presence in this market and the ability to generate substantial synergies by selling AMR Research products to Gartner clients and Gartner products to AMR Research clients.
Gartner intends to finance the acquisition through the use of cash on hand, as well as borrowings under the Company's existing line of credit.
Tags
gartner, amr research, supply chain management, scm consulting, scm research
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