Tue, 22 Mar 2016 | MERGER
Two of the world’s financial information powerhouses have announced a merger worth more than £9 billion, with the headquarters of the combined company to be based in London.
Business research company IHS, which is based in Colorado in the US, is set to merge with London-based financial information services provider Markit, after the board of directors gave their backing to the mega-deal.
The deal will be an all-share merger of equals, according to both companies, who will now be known as IHS Markit. The newly merged firm plans to keep a US base in Englewood, Colorado, but the headquarters will operate out of London.
Before the merger, IHS employed 9,000 people to provide business research to companies and governments in around 140 countries around the world, while Markit employed some 4,200 people across 13 countries to provide financial data to banks, hedge funds and asset managers.
IHS Markit has said that the merger will save around £87 million by the end of 2019.
Lance Uggla, the chairman and chief executive of Markit, said of the deal: "At the heart of our shared vision is the opportunity to offer our customers a broader and richer content set through both existing and new products that will support their critical decision-making and manage regulatory change.
"The combination will enhance cash flow and enable stronger returns of capital to shareholders.”
Jerre Stead, the chairman and chief executive of IHS, added: "This transformational merger brings together two information-rich companies to create a powerful provider of unique business intelligence, data and analytics to a broad and complementary customer base.”
For more information on mergers, see the guide Post Merger Integration.
The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...
Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...
This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources