NEW
YORK, Nov. 30, 2022 /PRNewswire/ -- S&P
Global (NYSE: SPGI) today announced its intention to divest its
Engineering Solutions business. This decision follows the merger of
S&P Global and IHS Markit earlier this year.
"Engineering Solutions is a strong, profitable business with
excellent growth prospects," said Douglas
L. Peterson, President and Chief Executive Officer of
S&P Global. "The divestiture will allow us to continue to
manage the company with discipline, execute our growth strategy,
and is an important step in our evolution."
The solutions, data, technology and insights from Engineering
Solutions allow over 6,000 global customers and 650,000 users to
optimize workflows and end-user experiences. Its products enable
engineers, builders and architects in many industries to access the
data and insights they need to deliver complex projects and new
products.
S&P Global has engaged on a confidential basis several
prospective buyers.
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 so that they can make decisions
with conviction. From helping our customers assess new investments
to guiding them through ESG and energy transition across supply
chains, we unlock new opportunities, solve challenges and
accelerate progress for the world.
We are widely sought after by many of the world's leading
organizations to provide credit ratings, benchmarks, analytics and
workflow solutions in the global capital, commodity and automotive
markets. With every one of our offerings, we help the world's
leading organizations plan for tomorrow, today.
Investor Relations:
Mark
Grant
Tel: +1 347 640 1521
Mark.Grant@spglobal.com
Media:
Ola
Fadahunsi
Tel: +1 212 438 2296
Ola.Fadahunsi@spglobal.com
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 predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or implied in any forward-looking statements. In particular, the
sale transaction described 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 declines in economic performance. More
detailed information about factors that may affect our performance
may be found in our filings with the Securities and Exchange
Commission, including our most recent Annual Report on Form 10-K
and Item 1A, Risk Factors, in our most recently filed Annual Report
on Form 10-Q, which can be obtained at its website at
http://www.sec.gov. We undertake no obligation to publicly update
any forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE S&P Global