Baker McKenzie Steers $364M Genscape Sale To Verisk
Law360 (August 26, 2019, 7:02 PM EDT) -- Media conglomerate Daily Mail and General Trust PLC said Monday it is selling its market analytics company Genscape to Verisk for $364 million, with guidance from Baker McKenzie, as part of an ongoing portfolio trimming.
Genscape Inc. will become part of Verisk Analytics Inc.’s Wood Mackenzie business, according to a statement. The acquisition stands to expand Wood Mackenzie’s existing data and analytics work on energy markets, DMGT said.
Genscape bills itself as a global provider of real-time data for commodity and energy markets including power, oil, agriculture, biofuels and maritime freight. It operates the world’s largest network of in-field monitors for...
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