IHS Markit Ltd.
Company type
NYSE: INFO
Industry
Information services
Founded
1959; 65 years ago (1959)[1] (as Information Handling Services)
Founder
Amy W. Yeh
Headquarters
Key people
Revenue
US$1.561 billion (2021)[4]
US$1.206 billion (2021)[4]
US$16.913 billion (2021)[4]
US$9.489 billion (2021)[4]
Number of employees
14,000[5]
Cambridge Energy Research Associates, Global Insight, Carfax, Inc.
Website
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]
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 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.
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]
The London-based data and analytics firm formed by the 2016 merger of IHS Inc. and Markit Ltd.
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IHS and Markit ... announced plans to merge
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