Verisk Analytics Buys Wood Mackenzie For $2.8 Billion

US-based Verisk Analytics signed a definitive deal to acquire Wood Mackenzie for £1.850 billion ($2.8 billion) from Hellman & Friedman and other shareholders.

“The company has significant opportunities in the global energy, chemicals, metals and mining verticals, a track record of consistent revenue growth and profitability, distinctive and mission-critical solutions, and an impressive management team” Scott Stephenson, president and chief executive officer of Verisk Analytics, commented in a note released on Monday.

Verisk said it will finance the transaction resorting to a mix of debt ($2 billion) and equity ($800 million). The transaction should close by the end of June. 

Wood Mackenzie welcomed the deal.

“This combination is a natural home for the business we’ve built over the years and a great opportunity for our customers and employees,” Stephen Halliday, chief executive officer of Wood Mackenzie, added in the press release.