|KHL managing director James King and Off-Highway Research managing director David Phillips at the contract signing, June 1, 2015.
Global construction information publisher, KHL Group, acquired the international market research and management consultancy company, Off-Highway Research on June 1, 2015.
Off-Highway Research specialises in the research and analysis of international construction and agricultural equipment markets, and is the largest of its kind in the world.
The consultancy was formed in 1981 as part of The Economist Intelligence Unit (EIU) and will continue to operate as an independent entity – retaining its brand name - within KHL Group. Terms of the deal were not disclosed.
Managing director of Off-Highway Research, David Phillips, will continue to lead the company as managing director.
“We have known and worked with KHL for many years and see this deal as the exciting next phase in Off-Highway Research’s long term expansion plans.” said Mr Phillips. “Having started the company 34 years ago, I feel that the time was now right to pass the baton on to new owners. KHL and its management team are very familiar with our business, and are keen to develop it still further. Under KHL’s stewardship, Off-Highway Research’s clients and staff can be confident that the future looks very bright indeed. And no: I have no intention of retiring. I am as passionate as ever about the business and the industry we serve, and I look forward immensely to working with the next generation of management.”
James King, managing director of KHL explained, “This is one of the most exciting developments in KHL’s 25 year history. To work with such an internationally respected company as Off-Highway Research is a fantastic opportunity for us. David Phillips and his excellent team have built an unparalleled reputation as the world’s leading construction equipment research company and management consultancy. We acquired Off-Highway Research not to make radical changes but because we have always respected and valued what it does in providing invaluable information in our sector.”
“Whilst our traditional print media is still growing, this acquisition continues to transform KHL towards its long-term vision of becoming a full-line information, data, events, research and communications company. All delivered to our readers in whatever format they prefer to consume it, whether that is digital, print or face-to-face. Right now I cannot think of any better company than Off-Highway Research to complement KHL’s existing information products and help us achieve this.”
“KHL’s readers in every country in the world rely on and trust us for information to understand the industry they work in and to run their businesses better, safer and more profitably. The addition of Off-Highway Research will extend the supply of quality information and enhance essential data and research services to our clients.”