Thomson Reuters agrees to acquire Point Carbon A/S
June 1, 2010
Written by Editor, in Green News, Green News Feature
According to the press release, “Thomson Reuters today announced that it has agreed to acquire Point Carbon A/S, a Norwegian-based leading provider of essential trading analytics, news and content for the energy and environmental markets.
This acquisition strengthens Thomson Reuters offerings to the energy sector through the combination of Point Carbon’s critical insight, market fundamentals and powerful analytics of key price drivers with Thomson Reuters leading news and pricing service.
Point Carbon provides banks, traders, portfolio managers, corporations and governments with critical insights based on deep industry knowledge and sophisticated modelling capabilities across the carbon, power, and gas markets. Point Carbon’s valuable demand, supply and price predictive models are based on proprietary data collection and are used by thousands of traders and analysts globally.
Technological advances are increasing the breadth, depth and frequency with which information is available on physical commodity flows and fundamentals, such as power production, consumption and weather, as well as events like political actions or operational outages. As global economic development continues to boost energy needs in a carbon constrained world, the combination of Thomson Reuters and Point Carbon will deliver the critical information and tools to allow market participants to optimize their business, investment and trading strategies in this evolving marketplace.”
