Consulting giant IHS Inc. — which includes a major chemicals and plastics unit — is merging with financial information firm Markit Ltd.
The combined company will be renamed IHS Markit and will be headquartered in London, where Markit already is based. IHS had been located in Englewood, Colo.
IHS shareholders will own 57 percent of the new firm, with Markit shareholders owning the remaining 43 percent. The two firms combined posted sales of $3.3 billion in fiscal 2015.