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Accuris

From Wikipedia, the free encyclopedia
(Redirected fromChemical Week)
US-based information company

Accuris
Company typePrivate
IndustryInformation services
Headquarters,
United States
OwnerKKR & Co.
Websiteaccuristech.com

Accuris is an information services provider.

History

[edit]

IHS

[edit]

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 asCambridge Energy Research Associates,Global Insight,Jane's Information Group, Prime Publications Limited, and John S. Herold, Inc.[3]

In 2008, IHS acquiredFairplay, a firm that assignsIMO 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.[2]

Markit

[edit]

Markit was founded in 2003 as Mark-it Partners, a financial data provider for dailycredit default swap pricing.[7][8][9] The company grew viajoint ventures and by acquiring other companies,[10][11][12][13] merging with IHS in 2016.[14][15]

S&P Global

[edit]

On 30 November 2020,S&P Global and IHS Markit released information about a definitive all-stock deal[clarification needed] for around $44 billion, a deal which would be the largest of the year globally, according toDealogic 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 toNews 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]


IHS Markit acquisitions

[edit]
  • 10 October 1996: IHS Group purchased oil exploration companyPetroconsultants following the death of its founder and president Harry Wassall in November 1995.[22][23] This acquisition was later followed in January 1998 by the IHS Group acquiring the North American oil exploration company Petroleum Information / Dwights LLC.[22]
  • 18 September 2008: IHS Inc. agreed to purchase the economics forecasting organizationGlobal Insight for $200 million.[24][25]
  • 10 June 2013:R.L. Polk & Company, a provider of auto-industry data including used-car history company Carfax, for $1.4 billion.[26]
  • 26 September 2017: automotiveMastermind Inc., a provider ofpredictive analytics and marketing automation for the automotive industry.[27]
  • 26 September 2017: Macroeconomic Advisers, an independent research firm forecasting the US economy.[28]
  • 3 August 2018: Ipreo, software solutions and data provider in global capital markets.[29][30]
  • 10 October 2019: Novation Analytics, a specialist provider of software solutions, data analysis and advisory services.[31][32]
  • 2019: AcquiredInforma's Agriculture Intelligence in exchange for most of IHS Markit's Technology, Media and Telecoms division (includingScreen Digest).[33]
  • 1 May 2020: Catena Technologies Pte Ltd, a global regulatory trade reporting firm based in Singapore.

Accuris

[edit]

In 2023, S&P Global announced that it sold its engineering division, including the original IHS, toKKR & Co. The business was renamed Accuris.[34]

References

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

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