FactSet to Acquire CUSIP Global Services for $1.925 Billion

FactSet, a US-based financial data and software company, has reached a definitive agreement to acquire CUSIP Global Services (CGS) from S&P Global for $1.925 billion in cash.

As part of the transaction, FactSet expects to receive an estimated tax benefit of nearly $200 million. The acquisition is anticipated to significantly expand FactSet's critical role in the global capital markets, advancing its open data strategy.

According to the official press release, CGS will function as a part of FactSet Content and Technology Solutions (CTS), and will continue to carefully steward the CUSIP system in close partnership with the American Bankers Association (ABA) to ensure both a seamless transition and continued innovation. As a result, CGS will continue to reliably serve the global securities market as it evolves and grows.

In addition, CGS's experienced and trusted team will report to Jonathan Reeve, Executive Vice President and Head of CTS, FactSet.

As Fazzaco previously reported, FactSet has acquired Cobalt Software, Inc.​ ("Cobalt"), a leading portfolio monitoring solutions provider for the private capital industry.