Aug 26, 2019

Energy data firm Genscape sold to Verisk for $364m

Genscape, a US company that helped lift the curtain on opaque energy markets, is being sold by owner Daily Mail and General Trust in the latest deal to consolidate the business of commodity flows data. The UK-listed Daily Mail has agreed to sell Genscape for $364m in cash to Verisk, the companies said on Monday. Founded in 1999 and based in the US state of Kentucky, Genscape helped give energy traders a clearer view of energy markets, where success often requires inside knowledge of supply and demand. S&P Global acquired energy consultancy PIRA Energy Group in 2016. Neal Anderson, president of Wood Mackenzie, said: "With Genscape joining Wood Mackenzie, our customers will now better understand the defining issues facing key energy commodities - over the long term with Wood Mackenzie's existing offerings and in the short term through Genscape's offerings."

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