IHS Markit Ltd was an information services provider that completed a

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

with S&P Global in 2022. Headquartered in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

, it was formed in 2016 with the merger of IHS Inc. and

Markit Markit Ltd. was a British financial information and services company with over 4,000 employees, founded in 2003 as an independent source of credit derivative pricing. The company provides independent data, trade processing of derivatives, fo ...

Ltd.

History

IHS

Information Handling Services (IHS) "was founded in 1959 as Information Handling Services to provide information for aerospace engineers through microfilm databases". It subsequently grew to incorporate other companies in the information services sector such as

Cambridge Energy Research Associates Cambridge Energy Research Associates (CERA) is a consulting company in the United States that specializes in advising governments and private companies on energy markets, geopolitics, industry trends, and strategy. CERA has research and consulting s ...

, Global Insight, Jane's Information Group, Prime Publications Limited, and John S. Herold, Inc. In 2008, IHS acquired Fairplay, a firm that assigns IMO identification numbers for ships, companies and registered owners. In 2016,

Englewood, Colorado The City of Englewood is a home rule municipality located in Arapahoe County, Colorado, United States. The town population was 33,659 at the 2020 United States Census. Englewood is a part of the Denver–Aurora–Lakewood, CO Metropolitan Stati ...

-based IHS and London-based Markit merged. Jerre Stead was chief executive of the pre-merger IHS Inc. from 2006 to 2013 and from 2015 until the merger with Markit.

Markit

was founded in 2003 as Mark-it Partners, a financial data provider for daily credit default swap pricing. The company grew via

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

s and by acquiring other companies, merging with IHS in 2016.

S&P Global

On 30 November 2020, S&P Global and IHS Markit released information about a definitive all-stock deal for around $44 billion, a deal which would be the largest of the year globally, according to

Dealogic Dealogic is a financial markets platform offering integrated content, analytics, and technology via a service to financial firms. From origination to distribution and investors, the Dealogic platform provides a connection across banking, capita ...

data. On September 9th, 2021,

GlobalData GlobalData Plc is a data analytics and consulting company, headquartered in London, England. The company was established in 1999, and has been listed on the London Stock Exchange since 2000. It was previously called Progressive Digital Media and b ...

announced its purchase of the Pricing and Reimbursement dataset from IHS Markit. In December 2021, the IHS Markit announced its intention to sell Base Chemicals to

News Corp News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the News Corporation (1980–2013), original News Corporation, it was formed ...

for a reported $295 million as part of an effort to alleviate concerns about competitive effects. The purchase by S&P Global was finalized on 28 February 2022.

IHS Markit acquisitions

* 18 September 2008: IHS Inc. agreed to purchase the economics forecasting organization Global Insight for $200 million. * 10 June 2013: R.L. Polk, a provider of auto-industry data including used-car history company Carfax, for $1.4 billion. * 26 September 2017: automotiveMastermind Inc., a provider of predictive analytics and marketing automation for the automotive industry. * 26 September 2017: Macroeconomic Advisers, an independent research firm forecasting the US economy. * 3 August 2018: Ipreo, software solutions and data provider in global capital markets. * 10 October 2019: Novation Analytics, a specialist provider of software solutions, data analysis and advisory services. * 2019: Acquired

Informa Informa plc is a British publishing, business intelligence, and exhibitions group based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has offices in 43 countries and around 11,000 ...

's Agriculture Intelligence in exchange for most of IHS Markit's Technology, Media and Telecoms division (including

Screen Digest Screen Digest Ltd was a company providing business intelligence, research and analysis on the global media markets based in London, United Kingdom, that has grown out of a monthly journal of that name that was founded in 1971. It was acquired by th ...

). * 1 May 2020: Catena Technologies Pte Ltd, a global regulatory trade reporting firm based in Singapore.

References

External links

* {{DEFAULTSORT:Ihs Markit Companies formerly listed on the New York Stock Exchange Publishing companies established in 1959 Publishing companies of the United States British companies established in 1959 Publishing companies based in London 2022 mergers and acquisitions S&P Global