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Acquisitions and Divestitures

U.S. GAAP

Acquisition and divestiture amounts for continuing operations reflect those reported on S&P Global’s U.S. GAAP cash flow statement and are not indicative of actual purchase/sale prices due to purchase price adjustments and other timing differences in payments/receipts. Divestiture amounts also include proceeds received from the disposition of property and equipment.

Divisions:

  • Ratings
    (effective 2016; formerly named “Standard & Poor’s Ratings Services” from 2011 to 2016)
  • Market Intelligence
    (effective 2016; formerly named “S&P Capital IQ” from 2012 to 2015)
  • Platts
    (effective 2016; formerly named “Commodities & Commercial Markets” from 2010 to 2016)
  • Indices
    The S&P Dow Jones Indices joint venture was established in June 2012
  • Corporate
 

Acquisitions

Divestitures
2021
 $99 million

  • The Climate Service, Inc.

$16 million

No material divestitures
2020 $201 million

  • Greenwich Associates (acquired by CRISIL)
  • Q4 (minority investment)
  • SCRIPTS Asia (venture investment)
  • SAM ESG ratings business
 $18 million

  • Investor Relations webhosting business
  • Standard & Poor’s Investment Advisory Services LLC
  • East Windsor facility
2019 $91 million

  • 451 Research, LLC
  • Canadian Enerdata Ltd.
  • Live Rice Index
  • BigOne Lab (venture investment)
  • Green Visor Capital (venture capital commitment)
  • Middlegame Ventures (initial venture capital commitment)
  • LingFeng (initial venture capital commitment)
  • Orion technology center
  • The House Fund (initial venture capital commitment)
 $85 million

  • RigData
  • Standard & Poor’s Investment Advisory Services LLC
2018 $401 million

  • Pragmatix (acquired by CRISIL)
  • Panjiva
  • RateWatch
  • S&P DJI acquisition of intellectual property rights
  • FiscalNote (venture investment)
  • Kensho Technologies, Inc. (remaining majority stake) (1)
  • Ursa (venture investment)
  • XCHG (venture investment) (formerly named Xpansiv)

No material divestitures

 
2017 $83 million

  • CARE Ratings Limited (8.9% interest by CRISIL)
  • Derivatives Service Bureau (minority investment) 
  • Algomi Limited (venture investment)
  • Arbor Ventures (initial venture capital commitment)
  • QuantHouse

 
2016 $177 million

  • TRIS Rating (49% interest)
  • Commodities Flow
  • PIRA Energy Group
  • RigData
  • Trucost Plc. (2)
  • Kensho Technologies, Inc. (initial 2.5% interest)
 $1.5 billion

  • Credit Market Analysis
  • Equity and Fund Research
  • Standard & Poor’s Securities Evaluations, Inc.
  • J.D. Power

Notes:
(1)

Beginning in the first quarter of 2019, the commercial contracts from Kensho Technologies Inc.’s (“Kensho”) major customers were transferred to Market Intelligence for fulfillment

(2)

In 2018, Trucost was transferred from Indices to Market Intelligence