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Accuris

Accuris is an information services provider.

History

IHS

Information Handling Services (IHS)[1] "was founded in 1959 as Information Handling Services to provide information for aerospace engineers through microfilm databases".[2]

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.[3]

In 2008, IHS acquired Fairplay, a firm that assigns IMO identification numbers for ships, companies and registered owners.[4]

In 2016, Englewood, Colorado-based IHS and London-based Markit merged.[5][6] Jerre Stead was chief executive of the pre-merger IHS Inc. from 2006 to 2013 and from 2015 until the merger with Markit.[2]

Markit

Markit was founded in 2003 as Mark-it Partners, a financial data provider for daily credit default swap pricing.[7][8][9] The company grew via joint ventures and by acquiring other companies,[10][11][12][13] merging with IHS in 2016.[14][15]

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 that would be the largest of the year globally, according to Dealogic data.[16][17] On September 9, 2021, GlobalData announced its purchase of the Pricing and Reimbursement dataset from IHS Markit.[18] 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.[19] The purchase by S&P Global was finalized on 28 February 2022.[20][21][22]

IHS Markit acquisitions

  • 10 October 1996: IHS Group purchased oil exploration company Petroconsultants following the death of its founder and president Harry Wassall in November 1995.[23] This acquisition was later followed in January 1998 by the IHS Group acquiring the North American oil exploration company Petroleum Information / Dwights LLC.[24]
  • 18 September 2008: IHS Inc. agreed to purchase the economics forecasting organization Global Insight for $200 million.[25][26]
  • 10 June 2013: R.L. Polk & Company, a provider of auto-industry data including used-car history company Carfax, for $1.4 billion.[27]
  • 26 September 2017: automotiveMastermind Inc., a provider of predictive analytics and marketing automation for the automotive industry.[28]
  • 26 September 2017: Macroeconomic Advisers, an independent research firm forecasting the US economy.[29]
  • 3 August 2018: Ipreo, software solutions and data provider in global capital markets.[30][31]
  • 10 October 2019: Novation Analytics, a specialist provider of software solutions, data analysis and advisory services.[32][33]
  • 2019: Acquired Informa's Agriculture Intelligence in exchange for most of IHS Markit's Technology, Media and Telecoms division (including Screen Digest).[34]
  • 1 May 2020: Catena Technologies Pte Ltd, a global regulatory trade reporting firm based in Singapore.

Accuris

In 2023, S&P Global announced that it sold its engineering division to KKR & Co. The business was renamed Accuris.[35]

External links

References

  1. Information Handling Services (IHS) acquired USA Information Systems | Aviation Week Network aviationweek.com, retrieved January 9, 2020^
  2. Leslie Picker. IHS and Markit, Providers of Data and Analytics, Agree to Merge The New York Times, March 21, 2016^
  3. Our History spglobal.com, retrieved 27 Nov 2022^
  4. IMO Identification Numbers for Ships, Companies and Registered Owners / About IHS Markit, retrieved August 19, 2018^
  5. Mark Harden. IHS, Markit shareholders OK $13B merger Denver Business Journal, July 11, 2016, retrieved July 13, 2016^
  6. IHS Markit Returns to Profit, Posts Better-Than-Expected quarterly results The Wall Street Journal, January 17, 2017^
  7. Plumbers in suits The Economist, July 6, 2013^
  8. Natalie Harrison. Markit says buys IIC, agrees to buy CDS IndexCo Reuters, November 14, 2007, retrieved December 14, 2007^
  9. Markit USD Interest Rate Curve XML Specification Markit, March 30, 2009^
  10. Dave Valiante. JPMorgan's FCS Corporation Acquired By Markit WallStreetAndTech.com (Wall Street & Technology), July 28, 2008, retrieved September 21, 2008^
  11. Markit Buying Owners of iTraxx, CDX Credit Indexes Bloomberg, November 14, 2007, retrieved December 14, 2007^
  12. William Alden. Financial Data Company Markit Files for I.P.O. The New York Times, May 5, 2014, retrieved May 5, 2014^
  13. Matt Krantz. Markit IPO jumps after selling shares USA Today, June 19, 2014^
  14. IHS and Markit to merge in deal valued at more than $13B CNBC, March 21, 2016^
  15. IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo IHS Online Newsroom, retrieved April 10, 2018^
  16. Cara Lombardo And Liz Hoffman. WSJ News Exclusive Wall Street Journal, 2020-11-30, retrieved 2020-11-30^
  17. 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 2021-07-21^
  18. GlobalData buys drug pricing coverage business of IHS Markit September 9, 2021^
  19. Matt Grossman. S&P Global, IHS Markit to Sell Businesses Ahead of Merger The Wall Street Journal, December 27, 2021, retrieved 27 January 2022^
  20. Shanny Basar. Embracing Change in a New World Best Execution, 2022-03-07, retrieved 2022-04-27^
  21. S&P Global and IHS Markit Complete Merger News Release Archive, retrieved 2022-09-23^
  22. Luna Peter. Cheap Carfax retrieved 28 October 2024^
  23. The first ever oil database, the history of Petroconsultants | ASPO International | the Association for the Study of Peak Oil and Gas retrieved 2011-02-08^
  24. IHS GROUP ACQUIRES PETROLEUM INFORMATION / DWIGHTS Oil IT Journal, January 1998^
  25. Global Insight bought in deal worth $200m J.Y. Design Blog, September 19, 2008, retrieved June 16, 2013^
  26. Global Insight bought in deal worth $200m: Waltham research firm now under IHS umbrella with Cambridge Energy Boston Globe, September 19, 2008^
  27. 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 9 November 2020^
  28. 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^
  29. IHS Markit acquires Macroeconomic Advisers IHS Markit, September 26, 2017^
  30. Lauren Ohnesorge. Amid IHS Markit buy, 'nothing changes' for Ipreo's 250-job Raleigh expansion, exec says Triangle Business Journal, August 2, 2018^
  31. IHS Markit Completes Acquisition of Ipreo www.businesswire.com, August 2, 2018, retrieved January 9, 2020^
  32. IHS Markit Acquires Novation Analytics Bloomberg.com, October 10, 2019, retrieved 2020-04-03^
  33. FinSMEs. IHS Markit Buys Novation Analytics FinSMEs, 2019-10-10, retrieved 2020-04-03^
  34. IHS Markit swaps group that researches optical communications for Informa's agribusiness unit Lightwave, 2019-05-24, retrieved 2019-11-29^
  35. S&P Global Completes Sale of Engineering Solutions Business - S&P Global retrieved 2026-01-08^