Verisk and Veritas Capital have announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire Verisk’s Energy business, Wood Mackenzie, for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million.
Wood Mackenzie is providing companies with data, analytics, and insights used to power the energy, renewables, and natural resources industries. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2023.
