Deal Supports Strategy of Linking Price and Fundamentals to Provide Unique Insights
Platts announced that it has acquired London-based Eclipse Energy Group, a privately owned provider of data and analysis on the European gas, power and global liquefied natural gas (LNG) markets. The acquisition will enable Platts, a business of McGraw Hill Financial (NYSE: MHFI), to combine Eclipse Energy’s analytics with Platts’ pricing information to help market participants understand the impact of events and the drivers of price. Terms of the deal were not disclosed.
Eclipse Energy was founded in 2002 by Robert Minsaas and John King, and has offices in London, Norway and Singapore. The company provides price forecasts, scenarios, country analysis, fundamental market data, news and commentary on gas and power markets in the U.K. and Europe to a blue-chip client base of energy companies and financial institutions. Its Xplore online analytics platform provides proprietary data, analysis and forecasts for traders. Eclipse Energy also has an advisory business focused on investment and decisions support to the global LNG, European gas and power markets, and recently launched its Global LNG service, which provides global fundamentals, weekly market observations, and a contracts and project database via the Xplore platform.
Source: McGraw Hill Financial