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]
 | |
| Company type | Subsidiary |
|---|---|
| NYSE: INFO | |
| Industry | Information services |
| Founded | 1959[1] (as Information Handling Services) |
| Founder | Amy W. Yeh |
| Headquarters | , United Kingdom[2] |
Key people | [3] |
| Revenue |  US$4.658 billion (2021)[4] |
| US$1.561 billion (2021)[4] | |
| US$1.206 billion (2021)[4] | |
| Total assets | US$16.913 billion (2021)[4] |
| Total equity | 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 |
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
External links
- Official website
- Historical business data for IHS Markit:
- SEC filings