S&P Global completes $140bn merger with IHS Markit

S&P Global and IHS Markit announced the completion of their approximately $140 billion (based on enterprise value) merger, creating an information services provider with a portfolio of assets across data & analytics, ratings, benchmarks, indices, commodities & energy, transportation, and engineering.

In addition, there was a completed sale of IHS Markit’s OPIS, Coal, Metals and Mining, and PetrochemWire business to News Corporation.

Douglas Peterson, president and CEO of S&P Global, said in a statement: “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 will comprise six operating divisions upon close:

  • S&P Global Market Intelligence led by Adam Kansler
  • S&P Global Ratings led by Martina Cheung
  • S&P Global Commodity Insights led by Saugata Saha
  • S&P Global Mobility led by Edouard Tavernier
  • S&P Dow Jones Indices led by Dan Draper
  • S&P Global Engineering Solutions led by Ewout Steenbergen (in addition to ongoing role as CFO)

Source

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