S&P Global wraps up $44bn acquisition of information provider IHS Markit

S&P Global, a US financial information and analytics provider, has wrapped up the previously announced $44 billion acquisition of IHS Markit, a London-based information provider.

The consideration includes $4.8 billion of IHS Markit’s net debt.

The all-stock deal, which was announced in November 2020, is aimed at creating a major information services provider with a portfolio of highly complementary assets. (Read more about S&P Global acquisition of IHS Markit)

With the transaction closed, S&P Global is expected to provide an improved value proposition for its global customer base across data and analytics, benchmarks, ratings, indices, transportation, commodities and energy, and engineering.

S&P Global wraps up $44bn acquisition of information provider IHS Markit. Photo courtesy of S&P Global.

According to S&P Global, the products will enable it to better serve its customers with a larger and deeper portfolio of unique solutions and greater scale.

The combined entity, which has an enterprise value of around $140 billion, will focus on expediting growth and generating unparalleled value for its stakeholders.

Douglas L. Peterson — President and CEO of S&P Global said: “Our merger unites a unique collection of innovative assets and technology capabilities from two world-class organizations to benefit our people, our customers and our shareholders.

“Our combined strengths in credit and risk management, indices across multiple asset classes, private markets, ESG and energy transition data and analytics will accelerate the growth of our business and broaden the scope of services we can provide to the markets.”

S&P Global also announced the closing of the sale of IHS Markit’s OPIS, Coal, Metals and Mining, and PetrochemWire business to News Corporation.