IHS and Markit to merge

March 21, 2016 — Fusion DigiNet

ihsmarkitFinancial data companies IHS and Markit are merging. Based on the closing prices of IHS and Markit common stock on March 18, 2016, the implied equity value of the transaction is more than $13 billion. The deal is expected to close in the second half of 201

The combined company will be renamed IHS Markit and will be headquartered in London and have operations based in Englewood, Colorado. IHS shareholders will own approximately 57 percent and Markit shareholders will own approximately 43 percent of the combined company.

The combined company’s reported results for fiscal year 2015 include approximately: $3.3 billion in revenue, $1.2 billion in adjusted EBITDA, and $800 million in free cash flow. IHS Markit will have more than 50,000 key customers.

IHS makes most of its revenues from energy and automotive data, while Markit focuses on financial information and is best known for its purchasing managers’ index.

Jerre Stead, IHS Chairman and Chief Executive Officer, will assume the role of Chairman of the Board of Directors and Chief Executive Officer of IHS Markit. Lance Uggla, Chairman and Chief Executive Officer of Markit, will be President and a member of the Board of Directors.

Uggla will assume the role of Chairman of the Board of Directors and Chief Executive Officer of IHS Markit when Stead retires on December 31, 2017. The Board of Directors of the combined company will be comprised of 11 members, with IHS designating six members (including the chairman) and Markit designating five members (including the lead director) from their current boards.

UK, London & USA, Englewood, CO

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