On 30 November 2020, S&P Global and IHS Markit released information about a definitive all-stock deal for around $44 billion, a deal which would be the largest of the year globally, according to Dealogic data.
Information Handling Services (IHS) “was founded in 1959 as Information Handling Services to provide information for aerospace engineers through microfilm databases.” IHS’s founding date refers to a 1959-initiated publication about microfilm begun by an Englewood, Colorado-based former RELX– precursor which Norman L. Cahners‘ 1945-initiated publishing empire, led by Modern Materials Handling acquired and expanded.
It subsequently grew to incorporate other companies in the information services sector, many dating back to the late 1700s and 1800s. These include Cambridge Energy Research Associates, Global Insight, Jane’s Information Group, Carfax, Inc., Prime Publications Limited, and John S. Herold, Inc.
Markit was founded in 2003 as Mark-it Partners, a financial data provider for daily credit default swap pricing. The company grew via joint ventures and by acquiring other companies, merging with IHS in 2016.