Verisk Analytics (VRSK) Enters Agreement to Acquire Greentech Media
Verisk Analytics (NASDAQ: VRSK) announced it has signed a definitive agreement to acquire Greentech Media, Inc. (“Greentech Media”), an industry-leading information services provider for the next-generation electricity and renewables sector. Greentech Media will become part of Wood Mackenzie, a Verisk Analytics business, and will enable Wood Mackenzie to provide its clients with market intelligence across several categories, including solar generation, energy storage, and smart grids that react dynamically to changes in supply and demand.
“The energy industry is going through a transformation, and our clients expect coverage in the solar, storage, and smart grid spaces as part of a more integrated energy service,” said Neal Anderson, president of Wood Mackenzie. “Greentech Media’s unique knowledge of supply chains and investment trends across those sectors deepens our existing power and renewables coverage and helps position us as a market-leading provider of analysis and insight across the entire energy landscape.”
“We’re thrilled to be joining Wood Mackenzie and the Verisk Analytics family of businesses,” said Scott Clavenna, chief executive officer of Greentech Media. “With solar, storage, and smart grid having such an impact on energy markets today, we’re confident that, together with Wood Mackenzie, our complementary capabilities will enable a more competitive and complete service for our clients.”