© Reuters. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid//File Photo
(Reuters) – Private equity giant KKR & Co (NYSE:) will buy S&P Global (NYSE:)’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.
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