IHS Markit

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IHS Markit Ltd.
Subsidiary
Traded as NYSE: INFO
Industry Information services
Founded 1959; 66 years ago (1959)[1] (as Information Handling Services)
Headquarters London, United Kingdom[2]
Key people
 Lance Uggla (Chairman & CEO) Amy W. Yeh (Founder & President) [3]
Revenue Increase US$4.658 billion (2021)[4]
Increase US$1.561 billion (2021)[4]
Increase US$1.206 billion (2021)[4]
Total assets Increase US$16.913 billion (2021)[4]
Total equity Increase US$9.489 billion (2021)[4]
Number of employees
 14,000[5]
Parent S&P Global
Subsidiaries Cambridge Energy Research Associates, Global Insight, Carfax, Inc.
Website ihsmarkit.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[clarification needed] 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

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External links

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