Accuris Explained

Accuris
Type:Private
Industry:Information services
Owner:KKR & Co.
Location City:Denver, Colorado
Location Country:United States

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.

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

Accuris

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

Notes and References

  1. Web site: Information Handling Services (IHS) acquired USA Information Systems | Aviation Week Network. January 9, 2020. aviationweek.com.
  2. Web site: Picker. Leslie. March 21, 2016. IHS and Markit, Providers of Data and Analytics, Agree to Merge. The New York Times.
  3. Web site: Our History . 27 Nov 2022 . spglobal.com.
  4. Web site: IMO Identification Numbers for Ships, Companies and Registered Owners / About. August 19, 2018. IHS Markit.
  5. News: Mark Harden . IHS, Markit shareholders OK $13B merger . July 13, 2016 . Denver Business Journal . July 11, 2016.
  6. News: The Wall Street Journal . IHS Markit Returns to Profit, Posts Better-Than-Expected quarterly results . The London-based data and analytics firm formed by the 2016 merger of IHS Inc. and Markit Ltd. . January 17, 2017.
  7. July 6, 2013. Plumbers in suits. The Economist.
  8. News: Natalie Harrison. November 14, 2007. Markit says buys IIC, agrees to buy CDS IndexCo. Reuters. December 14, 2007.
  9. Markit USD Interest Rate Curve XML Specification. March 30, 2009. Markit.
  10. Web site: Dave Valiante. July 28, 2008. JPMorgan's FCS Corporation Acquired By Markit. dead. https://web.archive.org/web/20110718230413/http://www.wallstreetandtech.com/operations/showArticle.jhtml?articleID=209602186. July 18, 2011. September 21, 2008. WallStreetAndTech.com (Wall Street & Technology).
  11. News: November 14, 2007. Markit Buying Owners of iTraxx, CDX Credit Indexes. Bloomberg. December 14, 2007.
  12. News: William Alden. May 5, 2014. Financial Data Company Markit Files for I.P.O.. The New York Times. May 5, 2014.
  13. News: June 19, 2014. Markit IPO jumps after selling shares. USA Today. https://web.archive.org/web/20140620101331/http://americasmarkets.usatoday.com/2014/06/19/markit-ipo-jumps-after-selling-shares/. June 20, 2014. Matt. Krantz.
  14. Web site: CNBC . March 21, 2016. IHS and Markit to merge in deal valued at more than $13B. IHS and Markit ... announced plans to merge .
  15. IHS Markit Rings Opening Bell at Nasdaq, Unveils New Logo. IHS Online Newsroom . April 10, 2018.
  16. News: Hoffman . Cara Lombardo And Liz . 2020-11-30 . WSJ News Exclusive S&P Global Nears Deal to Buy IHS Markit for About $44 Billion . en-US . Wall Street Journal . 2020-11-30 . 0099-9660.
  17. Web site: S&P Global and IHS Markit to Merge in All-Stock Transaction Valuing IHS Markit at $44 Billion, Powering the Markets of the Future . 2021-07-21 . ihsmarkit.com.
  18. Web site: GlobalData buys drug pricing coverage business of IHS Markit. September 9, 2021 .
  19. News: Grossman . Matt . S&P Global, IHS Markit to Sell Businesses Ahead of Merger . 27 January 2022 . The Wall Street Journal . December 27, 2021 .
  20. Web site: Basar . Shanny . 2022-03-07 . Embracing Change in a New World . 2022-04-27 . Best Execution . en-US.
  21. Web site: S&P Global and IHS Markit Complete Merger . 2022-09-23 . News Release Archive . en.
  22. News: Peter . Luna . Cheap Carfax . 28 October 2024.
  23. Web site: The first ever oil database, the history of Petroconsultants | ASPO International | the Association for the Study of Peak Oil and Gas . 2011-02-08 . dead . https://web.archive.org/web/20110606161515/http://www.peakoil.net/headline-news/the-first-ever-oil-database-the-history-of-petroconsultants . 2011-06-06 .
  24. News: IHS GROUP ACQUIRES PETROLEUM INFORMATION / DWIGHTS . Oil IT Journal . January 1998 .
  25. Web site: Global Insight bought in deal worth $200m . September 19, 2008 . J.Y. Design Blog . dead . https://web.archive.org/web/20081018222537/http://www.jydesign.com/blog/2008/09/global-insight-bought-in-deal-worth.html . October 18, 2008 . June 16, 2013.
  26. News: Global Insight bought in deal worth $200m: Waltham research firm now under IHS umbrella with Cambridge Energy . Boston Globe . September 19, 2008 .
  27. Web site: IHS to acquire Polk in $1.4 billion deal - Carfax makes up 60% of Polk's revenue, investors told. Automotive News . 9 November 2020. June 10, 2013 .
  28. Web site: IHS Markit Announces Acquisition of automotiveMastermind Inc., Leader in Predictive Analytics for the Automotive Industry. September 26, 2017. www.businesswire.com. January 9, 2020.
  29. Web site: IHS Markit acquires Macroeconomic Advisers. IHS Markit. September 26, 2017.
  30. Triangle Business Journal . Amid IHS Markit buy, 'nothing changes' for Ipreo's 250-job Raleigh expansion, exec says . Lauren Ohnesorge . August 2, 2018.
  31. Web site: IHS Markit Completes Acquisition of Ipreo. August 2, 2018. www.businesswire.com. January 9, 2020.
  32. News: IHS Markit Acquires Novation Analytics. Bloomberg.com. October 10, 2019 . 2020-04-03.
  33. Web site: IHS Markit Buys Novation Analytics. FinSMEs. 2019-10-10. FinSMEs. en-US. 2020-04-03.
  34. Web site: 2019-05-24. IHS Markit swaps group that researches optical communications for Informa's agribusiness unit. 2019-11-29. Lightwave.
  35. Web site: S&P Global Completes Sale of Engineering Solutions Business - S&P Global . https://web.archive.org/web/20230608015714/https://investor.spglobal.com/news-releases/news-details/2023/SP-Global-Completes-Sale-of-Engineering-Solutions-Business/default.aspx . 2026-01-08 . 2023-06-08.

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