CCC Information Services Inc., Chicago, and Mitchell International, Inc., San Diego, announced the signing of an agreement under which they will combine in a merger-of-equals transaction valued at $1.4 billion. CCC and Mitchell are each privately held.

The combined enterprise, which will be known as CCC-Mitchell Inc., will be a provider of information, workflow management systems, and integrated software to insurance companies and collision repair facilities. The company’s data, software, and services will support the estimating and processing of claims for auto physical damage and bodily injury. At inception, CCC-Mitchell will have annual sales of approximately $460 million and approximately 2,000 employees.

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