Description
IHS Markit Ltd is an American-British information provider based in London formed in 2016 with the merger of IHS Inc. and Markit Ltd.
History
One part of this conglomerate originally was a firm that assigns IMO identification numbers for ships, companies and registered owners. It has since grown 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.
In 2016 Englewood, Colorado, US–based IHS and London-based Markit merged. Information Handling Services (IHS) "was founded in 1959 as Information Handling Services to provide information for aerospace engineers through microfilm databases." Jerre Stead was the chief executive from 2006 to 2013 and from 2015 until the merger with Markit.
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.
In November 2020, S&P Global and IHS Markit released information about a potential all-stock deal for around $44 billion, a deal which would be the largest of the year globally, according to Dealogic data.
