Automotive information firm R.L. Polk & Co., is selling itself to information company IHS in a $1.4 billion deal.

Polk is best known for owning Carfax, a service that compiles vehicle history reports that include title changes and damage from crashes.

The Englewood, Colo.-based IHS Inc. announced the deal Sunday night. IHS will pay 10 percent in stock and cover the rest with cash on hand, a revolving credit line and a new bank term loan.

IHS says the deal is subject to customary closing conditions.

Southfield, Michigan-based Polk collects global auto sales, registration and other data and sells it to automakers and parts companies.

IHS provides information to businesses and governments in more than 165 countries.

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