Euromoney Institutional InvestorPLC Acquisition of The Jacobsen (4586N)
01 February 2021 - 6:00PM
UK Regulatory
TIDMERM
RNS Number : 4586N
Euromoney Institutional InvestorPLC
01 February 2021
EUROMONEY INSTITUTIONAL INVESTOR PLC
ACQUISITION OF THE JACOBSEN
1 February 2021
Euromoney adds scale to Fastmarkets Agriculture with the
acquisition of The Jacobsen
Euromoney Institutional Investor PLC ("Euromoney" or "the
Group"), the global B2B information services provider of price
discovery, essential market intelligence and events, announces the
acquisition of The Jacobsen for $12.25m.
The Jacobsen is a Price Reporting Agency (PRA) providing price
assessments and forecasts primarily in North American markets,
including coverage of animal fats, feeds and vegetable oils as well
as feedstocks for low-carbon intensive fuels, representing the
intersection of agriculture and new energy. The Jacobsen generated
sales of $2.4m for the 31 December 2020 year.
This is a highly complementary, strategic bolt-on acquisition
for the Group's PRA business which accelerates its 3.0 strategy.
The Jacobsen adds scale to Fastmarkets' position in agriculture
following the recent acquisition of AgriCensus. The combination of
complementary prices and markets alongside Fastmarkets' investment
in technology, systems and people will underpin the growth of the
businesses.
Low-carbon intensive fuels and the intersection of new energy
and agriculture present attractive market opportunities,
underpinned by a shift to renewable energy. In addition to
Fastmarkets' price coverage of the battery raw materials that are
essential for electric vehicle growth, the acquisition of The
Jacobsen expands our presence in the US biofuel markets.
Raju Daswani, CEO Fastmarkets, said:
"Euromoney's price reporting agency, Fastmarkets, is a 3.0
business, providing commodity price benchmarks and analysis that is
critical for our clients' processes and workflows.
"The acquisition of The Jacobsen is an important step in
extending the reach and industry coverage of Fastmarkets: it will
enhance our important and strategic position in the agriculture
market and strengthens our position in North America. As part of
Fastmarkets, The Jacobsen will develop this position further by
leveraging our expertise in pricing and gaining access to our
global PRA infrastructure."
For further information, please contact:
Euromoney Institutional Investor PLC
Wendy Pallot, Chief Financial Officer: +44 (0)20 7779 8845;
wendy.pallot@euromoneyplc.com
Jo Britten, Head of Investor Relations: +44 (0) 775 392 8523;
jo.britten@euromoneyplc.com
FTI Consulting
Charles Palmer / Jamie Ricketts / Jamille Smith: +44 20 3727
1000; euromoney@fticonsulting.com
About Euromoney Institutional Investor PLC
Euromoney is a global information business providing essential
B2B information in price discovery, market intelligence and events
across our segments. Euromoney is listed on the London Stock
Exchange and is a member of the FTSE 250 share index.
www.euromoneyplc.com
LEI number: 213800PZU2RGHMHE2S67
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