Markit steams ahead with Boat acquisition

Markit Boat managing director Will Meldrum confirms that the vendor began negotiating the deal towards the end of 2007. "Like most of these transactions, they take a considerable amount of time," he says. Meldrum explains that, although a full sale was not discussed when Markit was originally hired to handle all commercial relationships for Boat in January 2007, the fact that there will be no change in management resulting from the acquisition should help ensure continuity for all parties