May 22, 2019
London-based research firms IHS Markit and Informa May 22 announced a swap of select business units — including the former’s technology, media and telecom business for the latter’s agribusiness intelligence group.
Informa, whose focus has been on international exhibitions, events, information services and scholarly research group, will up its sights on over-the-top video (i.e. Netflix, Amazon Prime Video, etc.), media and related technology.
The company is giving IHS Markit $30 million in cash to complete the deal, which is expected to close in July, pending regulatory approval.
“This agreement is very positive for both IHS Markit and Informa, increasing the focus of each company on core markets where [each] has particular strengths and a long-term commitment to invest and grow,” Lance Uggla, CEO of IHS Markit and Stephen Carter, group chief executive, Informa PLC, said in a joint statement.
“Our ambitions for Informa Tech will be further enhanced by the addition of the IHS Markit TMT portfolio, extending our customer and international reach, creating a strong platform for future growth,” added Carter.
IHS Markit will retain RootMetrics, its benchmarking business and a portion of its market intelligence business.
IHS acquired Markit in 2016 for $5.5 billion, creating a data analytics powerhouse. In 2018, it acquired financial services firm Ipreo for $1.86 billion.