IHS Markit Ltd.
TypeSubsidiary
NYSE: INFO
IndustryInformation services
Founded1959 (1959)[1] (as Information Handling Services)
Headquarters
London
,
United Kingdom[2]
Key people
Lance Uggla (Chairman & CEO) Amy W. Yeh (Founder & President [3]
RevenueIncrease US$4.658 billion (2021)[4]
Increase US$1.561 billion (2021)[4]
Increase US$1.206 billion (2021)[4]
Total assetsIncrease US$16.913 billion (2021)[4]
Total equityIncrease US$9.489 billion (2021)[4]
Number of employees
14,000[5]
ParentS&P Global
SubsidiariesCambridge Energy Research Associates, Global Insight, Carfax, Inc.
Websiteihsmarkit.com

IHS Markit Ltd was an information services provider that completed a merger with S&P Global in 2022.[6][2] Headquartered in London, it was formed in 2016 with the merger of IHS Inc. and Markit Ltd.[7][8][9]

History

IHS

Information Handling Services (IHS)[10] "was founded in 1959 as Information Handling Services to provide information for aerospace engineers through microfilm databases".[11]

It subsequently grew to incorporate other companies in the information services sector such as Cambridge Energy Research Associates, Global Insight, Jane's Information Group, Prime Publications Limited, and John S. Herold, Inc.[12]

In 2008, IHS acquired Fairplay, a firm that assigns IMO identification numbers for ships, companies and registered owners.[13]

In 2016, Englewood, Colorado-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.[11]

Markit

Markit was founded in 2003 as Mark-it Partners, a financial data provider for daily credit default swap pricing.[14][15][16] The company grew via joint ventures and by acquiring other companies,[17][18][19][20] 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 data.[21][22] On September 9, 2021, GlobalData announced its purchase of the Pricing and Reimbursement dataset from IHS Markit.[23] In December 2021, the IHS Markit announced its intention to sell Base Chemicals to News Corp for a reported $295 million as part of an effort to alleviate concerns about competitive effects.[24] The purchase by S&P Global was finalized on 28 February 2022.[25]

IHS Markit acquisitions

  • 18 September 2008: IHS Inc. agreed to purchase the economics forecasting organization Global Insight for $200 million.[26][27]
  • 10 June 2013: R.L. Polk & Company, a provider of auto-industry data including used-car history company Carfax, for $1.4 billion.[28]
  • 26 September 2017: automotiveMastermind Inc., a provider of predictive analytics and marketing automation for the automotive industry.[29]
  • 26 September 2017: Macroeconomic Advisers, an independent research firm forecasting the US economy.[30]
  • 3 August 2018: Ipreo, software solutions and data provider in global capital markets.[31][32]
  • 10 October 2019: Novation Analytics, a specialist provider of software solutions, data analysis and advisory services.[33][34]
  • 2019: Acquired Informa's Agriculture Intelligence in exchange for most of IHS Markit's Technology, Media and Telecoms division (including Screen Digest).[35]
  • 1 May 2020: Catena Technologies Pte Ltd, a global regulatory trade reporting firm based in Singapore.

References

  1. ↑ "IHS Markit – History". Retrieved April 16, 2018.
  2. 1 2 "IHS Markit Returns to Profit, Posts Better-Than-Expected quarterly results". The Wall Street Journal. January 17, 2017. The London-based data and analytics firm formed by the 2016 merger of IHS Inc. and Markit Ltd.
  3. ↑ "About Us". IHSmarkit. Retrieved April 16, 2018.
  4. 1 2 3 4 5 "IHS Markit Reports Fourth Quarter 2021 Results". businesswire.com. 2022. Retrieved March 8, 2022.
  5. ↑ "IHS Careers". We are over 14,000 professional thought leaders, subject matter experts, analysts and consultants from 34 countries who see the world through an entrepreneurial lens.
  6. ↑ Mark Harden (July 11, 2016). "IHS, Markit shareholders OK $13B merger". Denver Business Journal. Retrieved July 13, 2016.
  7. ↑ "IHS and Markit to merge in deal valued at more than $13B". CNBC. March 21, 2016. IHS and Markit ... announced plans to merge
  8. ↑ "IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo" (Press release). IHS Online Newsroom. Retrieved April 10, 2018.
  9. ↑ "S&P Global and IHS Markit Complete Merger". News Release Archive. Retrieved September 23, 2022.
  10. ↑ "Information Handling Services (IHS) acquired USA Information Systems | Aviation Week Network". aviationweek.com. Retrieved January 9, 2020.
  11. 1 2 Picker, Leslie (March 21, 2016). "IHS and Markit, Providers of Data and Analytics, Agree to Merge". The New York Times.
  12. ↑ "Our History". spglobal.com. Retrieved November 27, 2022.
  13. ↑ "IMO Identification Numbers for Ships, Companies and Registered Owners / About". IHS Markit. Retrieved August 19, 2018.
  14. ↑ "Plumbers in suits". The Economist. July 6, 2013.
  15. ↑ Natalie Harrison (November 14, 2007). "Markit says buys IIC, agrees to buy CDS IndexCo". Reuters. Retrieved December 14, 2007.
  16. ↑ Markit USD Interest Rate Curve XML Specification (PDF) (Report). Markit. March 30, 2009.
  17. ↑ Dave Valiante (July 28, 2008). "JPMorgan's FCS Corporation Acquired By Markit". WallStreetAndTech.com (Wall Street & Technology). Archived from the original on July 18, 2011. Retrieved September 21, 2008.
  18. ↑ "Markit Buying Owners of iTraxx, CDX Credit Indexes". Bloomberg. November 14, 2007. Retrieved December 14, 2007.
  19. ↑ William Alden (May 5, 2014). "Financial Data Company Markit Files for I.P.O." The New York Times. Retrieved May 5, 2014.
  20. ↑ "Markit IPO jumps after selling shares". USA Today. June 19, 2014.
  21. ↑ Hoffman, Cara Lombardo And Liz (November 30, 2020). "WSJ News Exclusive | S&P Global Nears Deal to Buy IHS Markit for About $44 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved November 30, 2020.
  22. ↑ "S&P Global and IHS Markit to Merge in All-Stock Transaction Valuing IHS Markit at $44 Billion, Powering the Markets of the Future". ihsmarkit.com. Retrieved July 21, 2021.
  23. ↑ "GlobalData buys drug pricing coverage business of IHS Markit". September 9, 2021.
  24. ↑ Grossman, Matt (December 27, 2021). "S&P Global, IHS Markit to Sell Businesses Ahead of Merger". The Wall Street Journal. Retrieved January 27, 2022.
  25. ↑ Basar, Shanny (March 7, 2022). "Embracing Change in a New World". Best Execution. Retrieved April 27, 2022.
  26. ↑ "Global Insight bought in deal worth $200m". J.Y. Design Blog. September 19, 2008. Archived from the original on October 18, 2008. Retrieved June 16, 2013.
  27. ↑ "Global Insight bought in deal worth $200m: Waltham research firm now under IHS umbrella with Cambridge Energy". Boston Globe. September 19, 2008.
  28. ↑ "IHS to acquire Polk in $1.4 billion deal - Carfax makes up 60% of Polk's revenue, investors told". Automotive News. June 10, 2013. Retrieved November 9, 2020.
  29. ↑ "IHS Markit Announces Acquisition of automotiveMastermind Inc., Leader in Predictive Analytics for the Automotive Industry". www.businesswire.com. September 26, 2017. Retrieved January 9, 2020.
  30. ↑ "IHS Markit acquires Macroeconomic Advisers". IHS Markit. September 26, 2017.
  31. ↑ Lauren Ohnesorge (August 2, 2018). "Amid IHS Markit buy, 'nothing changes' for Ipreo's 250-job Raleigh expansion, exec says". Triangle Business Journal.
  32. ↑ "IHS Markit Completes Acquisition of Ipreo". www.businesswire.com. August 2, 2018. Retrieved January 9, 2020.
  33. ↑ "IHS Markit Acquires Novation Analytics". Bloomberg.com. October 10, 2019. Retrieved April 3, 2020.
  34. ↑ FinSMEs (October 10, 2019). "IHS Markit Buys Novation Analytics". FinSMEs. Retrieved April 3, 2020.
  35. ↑ "IHS Markit swaps group that researches optical communications for Informa's agribusiness unit". Lightwave. May 24, 2019. Retrieved November 29, 2019.
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