- S&P Global (SPGI, Financial) announces intent to spin-off its $1.6 billion Mobility segment into a standalone public company.
- The separation, targeting completion in 12-18 months, aims for long-term value creation and growth opportunities.
- Post-separation, S&P Global will focus on its four core businesses including Ratings and Dow Jones Indices.
As part of a strategic initiative to enhance focus and unlock value, S&P Global (SPGI) has revealed plans to spin off its Mobility segment into an independent public company. This strategic move is expected to be finalized within the next 12-18 months, subject to regulatory approvals and securing the necessary legal compliance.
The Mobility segment, which generated $1.6 billion in revenue in fiscal year 2024 with an 8% year-over-year increase, comprises well-established brands such as CARFAX, automotiveMastermind, and Polk Automotive Solutions. This segment's focus on automotive data and technology aligns with the growing demand for such insights amid industry transformations like electrification and software-defined vehicles.
Upon separation, S&P Global will maintain its focus on four core areas: Market Intelligence, Ratings, Commodity Insights, and Dow Jones Indices. The company expects to benefit from simplified operations and a concentrated enterprise strategy, thereby enhancing growth and profitability.
This tax-free spin-off is structured to foster shareholder value, enabling both entities to develop distinct business models and strategic priorities that align with investor objectives. Each company will possess financial flexibility to capitalize on growth opportunities, supported by strong balance sheets.
In the upcoming months, S&P Global plans to provide further insights into its multi-year strategy during an Investor Day event slated for November 13, 2025, ensuring stakeholders are informed of the company's future direction and strategic objectives.
