S&P Global, the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, has selected Accenture (NYSE: ACN) to help lead its merger integration planning with IHS Markit, a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide.
The combination of the two companies, announced in November of last year, will result in a world-class organization that will power the markets of the future.
According to S&P Global, the merger is expected to close in the second half of 2021.
Accenture will lead the merger integration planning and organizational design work for the combined entity, including all business divisions and corporate functions globally. It will draw from the best practices of both companies to ensure continuity while also maximizing value for customers, employees, shareholders, and other key stakeholders.
“Accenture’s merger integration expertise will help us to create a combined business that will increase the value we bring to our customers and the market,” said Martina Cheung, president of S&P Global Market Intelligence, head of S&P Global Sustainable1, and integration management office lead for S&P Global. “We welcome their partnership in designing a high-performing organization that preserves the best of both companies and cultures.”
Adam Markson, who leads Accenture’s Capital Markets industry group in the U.K. and Ireland, said, “As the need for advanced data and analytics proliferates across all industries, the combination of S&P Global and IHS Markit creates a unique and highly complementary offering. We will leverage our global footprint, strategy, technology and operations expertise, and industry specialization to help S&P Global and IHS Markit deliver to achieve the combined entity’s potential.”
“Bringing a value-led approach powered by digital tools, we’re helping S&P Global and IHS Markit define an integration roadmap to create a new combined company, accelerate innovation and deliver enhanced value for customers, employees and shareholders,” added J. Neely, Accenture Strategy managing director and global M&A lead.