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Corelogic to buy real estate data analysis firms for $661 million

Mon Jul 1, 2013 7:11am EDT

(Reuters) - Real estate data analytics company Corelogic Inc (CLGX.N) said it would buy two units from Decision Insight Information Group for $661 million to expand its property and casualty insurance business.

Corelogic said it would buy residential and commercial property valuation services provider Marshall & Swift/Boeckh and property data and analytics information firm DataQuick Information Systems.

The transaction is expected to add to its 2013 financial results excluding one-time items and other accounting adjustments, the company said.

(Reporting By Neha Dimri in Bangalore; Editing by Saumyadeb Chakrabarty)

 
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