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New York, November 30, 2022 /PRNewswire/ — S&P Global (NYSE: SPGI) today announced its intention to divest its engineering solutions business. The decision comes after the merger of S&P Global and IHS Markit earlier this year.
S&P Global Chairman and Chief Executive Officer Douglas L. “Engineering Solutions is a strong, profitable business with excellent growth prospects,” Peterson said. “The divestiture will allow us to continue managing the company with discipline, executing on our growth strategy, and is an important step in our growth.”
Solutions, data, technology and insights from Engineering Solutions allow more than 6,000 global customers and 650,000 users to optimize workflows and end-user experiences. Its products enable engineers, builders and architects across multiple industries to access the data and insights they need to deliver complex projects and new products.
S&P Global has engaged several potential buyers on a confidential basis.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology to make decisions with confidence. From helping our clients assess new investments to guiding them through ESG and energy transformation across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world .
Widely sought after by many of the world’s leading organizations for providing credit ratings, benchmarks, analytics and workflow solutions to the global capital, commodity and automotive markets. With each of our offerings, we help the world’s leading organizations plan for tomorrow, today.
Investor Relations:
mark grant
Tel: +1 347 640 1521
[email protected]
Media:
Ola Fadahunsi
Tel: +1 212 438 2296
[email protected]
forward-looking statements:
Statements in this news release that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to estimate. Therefore, actual results and outcomes may differ materially from those expressed or implied in the forward-looking statements. In particular, the described sale transaction is subject to certain risks and uncertainties, including: [the ability to obtain all required regulatory approvals, as well as] Risks relating to any unforeseen liabilities, losses and decline in economic performance. More detailed information regarding the factors affecting our performance can be found in our filings with the Securities and Exchange Commission, including Form 10-K and Item 1A, our most recent Annual Report on Risk Factors, our most The most recently filed annual report is included. 10-Q, which can be accessed at its website at http://www.sec.gov. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
View original content:https://www.prnewswire.com/news-releases/sp-global-announces-intent-to-sell-engineering-solutions-business-301690140.html
SOURCE S&P Global
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