The agreement will see Informa’s Agribusiness Intelligence Portfolio exchanged for IHS Markit’s leading portfolio of TMT brands.
“This agreement is very positive for both IHS Markit and Informa, increasing the focus of each company on core markets where it has particular strengths and a long-term commitment to invest and grow” said Lance Uggla, CEO IHS Markit and Stephen A. Carter, group chief executive, Informa.
The agreement forms part of Informa’s Progressive Portfolio Management (PPM) programme designed to focus the Group on brands and customer markets with the greatest opportunities for growth and expansion. It significantly strengthens Informa’s market position in Telecoms Media and Technology, while providing an attractive new home for the group’s specialist information brands within the Agribusiness Intelligence Portfolio, with an owner committed to investing and expanding in this market over the long-term.
The expansion of Informa Tech includes a portfolio of B2B brands providing specialist research and data to customers through a range of subscription products and consulting. It extends and enhances Informa’s international reach through its strong presence in Asia and North America, and further strengthens its position in key sub-sectors of the TMT market, most notably in Information Technology, Communications Technology, Security Technology and Emerging Transformational Technology.
The enlarged Informa Tech will have annual revenues of around US$350 million (€312 million) and offer a wide range of B2B services, making it an attractive international partner for informing, educating and connecting Technology businesses and professionals.
Stephen A. Carter, group chief executive at Informa said: “At Informa, we are focused on improving our depth and specialisation around attractive customer markets. Our ambitions for Informa Tech will be further enhanced by the addition of IHS Markit’s TMT portfolio, extending our customer and international reach, creating a strong platform for future growth.”
Lance Uggla, CEO at IHS Markit, said: “The Informa Agribusiness Intelligence portfolio is a clear extension of our Chemical and Downstream businesses and builds our existing data, pricing, insights, forecasting and news services within our Resources segment. Agriculture is the largest end chemical market in the world and this transaction expands our capabilities into fertilizers and chemical crop protection while substantively expanding our capabilities in biofuels.”
Get the Remote Work Guide for Media Professionals
17 January 2022 @ 17:40:11 UTC