IHS in €5bn Markit deal to bulk up in financial services

IHS, which provides data analysis for energy and automotive companies, has agreed to acquire London-based Markit to bulk up in financial services.

IHS shareholders will get about 57% of the enlarged company and stockholders of Markit — which is being valued at about $5.5bn (€4.9bn) through the deal — will get the rest, according to a statement.

The tie-up, which will be called IHS Markit, would have $3.3bn in revenue based on 2015 results.