Clarivate PLC announced Monday a deal to buy software, data and analytics company ProQuest in a deal valued at $5.3 billion from Cambridge Information Group. Clarivate said it expects the deal to add to 2022 earnings in the double-digit percentage range, and to 2023 earnings in the mid-teens range.
“Clarivate is building a globally connected and highly personalized experience for researchers, academic institutes and funders across the entire digital research value-chain, from ideation through to outcome,” said Mukhtar Ahmed, president of science at Clarivate. “With this acquisition we will be able to further empower both present and future generations of academic and corporate researchers as they each pursue their journey of innovation.”
