Clarivate Analytics, the company that will provide the citation data for the UK’s next research assessment exercise, is set to merge with Churchill Capital Corp, an acquisition company focused on the predictive analytics and data market.
The merger, announced on 14 January, will see the two companies operating as Clarivate Analytics. The company will be listed on the New York stock exchange, with an initial value of about $4.2 billion (£3.3bn). The merger is expected to be completed in the second quarter of 2019.
Commenting on the merger, Jay Nadler, Clarivate’s chief executive, said: “This is an exciting milestone in Clarivate’s evolution that will open a wide range of future growth opportunities for the business and allow us to further invest in the brightest minds, game changing data science, and robust technologies.”