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 aspec ...

with

S&P Global S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financ ...

in 2022. Headquartered in

London London is the capital and List of urban areas in the United Kingdom, 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 dow ...

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

Global Insight Global Insight is an economics forecasting organization, serving over 3,800 clients in industry, finance and government, with revenues of over $95 million (in 2006) and employing more than 600 staff in 23 offices in 13 countries.Jane's Information Group Jane's Information Group, now styled Janes, is a global open-source intelligence company specialising in military, national security, aerospace and transport topics, whose name derives from British author Fred T. Jane. History Jane's Informat ...

, Prime Publications Limited, and John S. Herold, Inc. In 2008, IHS acquired

Fairplay FairPlay is a digital rights management (DRM) technology developed by Apple Inc. It is built into the MP4 multimedia file format as an encrypted AAC audio layer, and was used until April 2009 by the company to protect copyrighted works sold ...

, 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 Stat ...

-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

Markit was founded in 2003 as Mark-it Partners, a financial data provider for daily

credit default swap A credit default swap (CDS) is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a debt default (by the debtor) or other credit event. That is, the seller of the CDS insures the buyer against som ...

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,

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 original News Corporation, it was formed on June 28, 2013, following a ...

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 Global Insight is an economics forecasting organization, serving over 3,800 clients in industry, finance and government, with revenues of over $95 million (in 2006) and employing more than 600 staff in 23 offices in 13 countries.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