Cambridge Information Group Acquires ProQuest Information and Learning

Dec 19, 2006

Cambridge Information Group (CIG) has entered into an agreement to acquire ProQuest Information and Learning, a segment of ProQuest Company, for approximately $222 million. Under the agreement, CIG will combine its Bethesda, Maryland-based CSA subsidiary with Ann Arbor, Mich.-based ProQuest Information and Learning to create a new, privately held independent company. The new company plans to continue operations in both locations. Both CSA and ProQuest offer libraries and their users access to electronic resources. CSA and ProQuest will serve a combined customer base of more than 25,000 library customers. After the transaction closes, Martin Kahn will serve as CEO of the new company. He will relocate to Ann Arbor, Mich. Matt Dunie, currently president of CSA, will serve as president of the new company. David "Skip" Prichard, currently president of ProQuest Information and Learning, will be an active contributor to the transition process.