NEW YORK, Sept. 15, 2016 /PRNewswire/ -- S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, has successfully completed its acquisition of PIRA Energy Group, a leader in global energy market analysis. The purchase, which extends S&P Global Platts' energy analytical capabilities by enhancing its oil offering and strengthening its position in the natural gas and power markets, received necessary regulatory approvals and closed September 15, 2016. Financial terms were not disclosed.
S&P Global Platts announced its plans to acquire PIRA Energy Group on August 4, 2016.
Founded in 1976, New York-based PIRA provides over 500 energy and commodity customers in 60 countries with a broad range of energy research and forecasting products and services. Customers spanning oil and gas companies, traders, refiners, pipeline and industrial companies, financial organizations and governments use PIRA's research, forecast data and consulting expertise to undertake fundamental analysis and modelling of the global energy markets.
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About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.
S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments and individuals to make decisions with confidence. For more information, visit www.platts.com.
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SOURCE S&P Global Platts