UK-based LMC Automotive is part of the LMC group and has been working with JD Power in the area of automotive forecasting and market intelligence since the mid-1990s.

LMC said that the acquisition would help continue existing services as well as bring about new product opportunities.

‘We are very excited about this acquisition, which will allow LMC Automotive to build upon our strong analytical forecasting presence,’ said Pete Kelly, managing director of LMC Automotive. ‘We look forward to concentrating on our goal of aligning our products to meet the ever-changing needs of this dynamic industry and providing the best automotive forecasting and market intelligence services available.’

Terms of the acquisition, which is effective immediately, were not disclosed.