PIRA Energy Group Acquisition Complete

Commodities and energy price information provider S&P Global Platts has completed its acquisition of New York-based PIRA Energy Group.

The buy, first announced on August 4th, received regulatory approvals and closed yesterday, September 15th. Financial terms were not disclosed.

PIRA was founded in 1976 and offers energy research and forecasting products and services. The firm has been led by CEO Gemma Postlethwaite (pictured) since January last year. Customers include oil and gas traders, refiners, pipeline and industrial companies, financial organizations and governments. Its new owner, whose parent company also owns researcher J.D. Power, provides benchmark and pricing info for clients in oil and gas, power, petrochemicals, metals, agriculture and shipping sectors in 150 countries. The addition of PIRA's expertise in global energy markets will extend Platts' analytical capabilities and enhance its offering in the oil and natural gas sectors.

Web sites: www.platts.com , www.spglobal.com and www.pira.com .