Veritas affiliate to acquire Verisk’s energy business for $3.1B

Data analytics provider Verisk and Veritas Capital announced Oct. 31 they signed a definitive agreement for a Veritas affiliate to acquire Verisk’s energy business, Wood Mackenzie, for $3.

1 billion, plus future contingent consideration of up to $200 million.  The deal, which is subject to customary closing conditions, is expected to close in the first quarter of 2023.

  Wood Mackenzie – which joined Jersey City-based Verisk in 2015 – has provided the energy, renewables and natural resources industries with data, analytics and insights for nearly 50 years.   Shavel “This transaction best positions Verisk to expand our role as a strategic data, analytics, and technology partner to the global insurance industry, and as a result, drive growth and returns that will create long-term shareholder […].

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