New York—Platts, a unit of McGraw-Hill Cos. that covers the energy, petrochemicals and metals markets, has agreed to acquire Switzerland-based Kingsman, which provides price information and analytics for the global sugar and biofuels markets. Financial terms of the deal, which is expected to close Nov. 1, were not disclosed.
Founded in 1990, Kingsman serves a global clientele of producers, traders, refiners, financial institutions and end users. It offers several subscription publications covering sugar, ethanol and biodiesel.
In September Platts introduced a portfolio of biofuels information products, including a newsletter and market data package.