(Reuters) – Private equity giant KKR & Co will buy S&P Global’s engineering solutions business for $975 million, the financial services provider said on Tuesday.
The move comes months after S&P said it would sell the unit, which serves more than 6,000 customers in the aerospace, defense, energy and architecture industries, among others.
S&P expects proceeds of $750 million after tax, which the company said will be used to fund share buybacks.
(Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)
