The McGraw-Hill Companies announced that Platts, a McGraw-Hill division and leading global provider of energy, petrochemicals and metals information, has signed a definitive agreement to acquire Kingsman SA, a privately held, Switzerland-based provider of price information and analytics for the global sugar and biofuels markets.&nbsp; The acquisition, whose purchase price was not disclosed, is expected to close on Nov. 1, subject to customary closing conditions. &nbsp;
&ldquo;McGraw-Hill is pleased to add Kingsman to our wonderful stable of world-class businesses,&rdquo; said Harold McGraw III, chairman, president and chief executive officer for The McGraw-Hill Companies.&nbsp;&ldquo;As we move to separate our education company from our financial and commodities intelligence businesses at the end of the year, this acquisition strengthens our leading position as providers of essential intelligence in the capital and commodity markets.&rdquo;
&ldquo;Kingsman is widely recognized as the leading global brand for sugar market data and analytics,&rdquo; said Larry Neal, president of Platts. &ldquo;Our acquisition of Kingsman deepens Platts&rsquo; capabilities in biofuels and gives us a springboard for growth in the global agricultural markets.&nbsp;It also reinforces our commitment to becoming a leader in market analytics as well as news and price information.&rdquo;
Neal noted that agriculture is a large, complex global commodity market similar to other markets that Platts serves. &ldquo;It requires the level of pricing expertise that Platts can uniquely offer,&rdquo; he said, &ldquo;and, with its broad range of subsectors, it presents multiple opportunities for Platts to develop benchmarks that support market evolution and enhance price transparency.&rdquo;
Founded in 1990 and based in Lausanne, Kingsman employs analysts, researchers and report writers in key markets including London, Montreal, New Delhi and Sao Paulo.&nbsp;It serves a global clientele of producers, traders, refiners, financial institutions and end-users, offering a variety of subscription publications covering sugar, ethanol and biodiesel.&nbsp;With its prime focus on market analysis, supply and demand fundamentals and trade flows, Kingsman complements Platts&rsquo; long-standing expertise in reporting news, assessing prices and explaining the factors driving those prices.&nbsp;
&ldquo;This is a great move for Kingsman,&rdquo; said Jonathan Kingsman, the company&rsquo;s founder.&nbsp;&ldquo;We will benefit from the strong market position Platts enjoys across a wide range of commodities, the broad operational footprint it has around the world, and its cohesive global sales force.&nbsp;These strengths will enable Kingsman to better serve customers and more quickly expand its business globally. Most notably, Platts&rsquo; technology capabilities will enable Kingsman to provide new market data services and expanded web offerings.&rdquo;
Platts and Kingsman provide complementary biofuels services covering Asia, Europe and the Americas. Platts has covered the biofuels market for many years with news and prices featured in its oil and petrochemicals information services.&nbsp;Recently, Platts launched a portfolio of dedicated biofuels information products, including a newsletter, a real-time alert and market data package. Kingsman, whose business originally focused on the sugar markets, moved into the adjacent ethanol and biodiesel sectors as alternative green fuels were developed in the early 2000s. It currently offers a range of daily, weekly and monthly reports covering ethanol and biodiesel as well as sugar.
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The McGraw-Hill Companies announced that Platts, a McGraw-Hill division, signed a definitive agreement to acquire Kingsman SA, a privately held, Switzerland-based provider of price information and analytics for the global sugar and biofuels market. 

Platts to acquire Swiss biofuels information provider Kingsman

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Platts to acquire Swiss biofuels information provider Kingsman