Verisk selling Wood Mackenzie to Veritas

Oct. 31, 2022
The transaction could total $3.3 billion, with most of the sum payable on completion of the deal.

Offshore staff

JERSEY CITY, N.J.  An affiliate of Veritas Capital has agreed to acquire Wood Mackenzie from Verisk.

The transaction could total $3.3 billion, with most of the sum payable on completion of the deal.

Wood Mackenzie provides data, analytics and insights concerning the energy, renewables and natural resources sectors.

Verisk acquired the company in 2015, following which Wood Mackenzie strengthened its data and analytics capabilities.

Veritas describes itself as “an investor in technology and technology-enabled companies that provide products, software and services to governments and commercial customers worldwide.”

Subject to regulatory approvals, the transaction should close in first-quarter 2023.

“Wood Mackenzie is playing a vital role at the forefront of the global energy transition by providing essential data and insights to organizations across the value chain," said Ramzi Musallam, CEO and managing partner of Veritas.

“In partnership with Wood Mackenzie leadership, and with the strong backing of our strategic investment, we have an opportunity to enhance and expand the datasets and solutions the company provides to its growing customer base, from upstream producers who are looking to decarbonize to new energy asset managers who want to optimize their investments."

10.31.2022

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