Platts increases biofuels platform through new agreement

Platts, 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.

The purchase price was not disclosed but is expected to close on 1 November.  

‘Kingsman is recognised as the leading global brand for sugar market data and analytics,’ says Platts president Larry Neal. ‘Our acquisition deepens Platts’ capabilities in biofuels and gives us a springboard for growth in the global agricultural markets.’

Platts and Kingsman provide complementary biofuels services covering Asia, Europe and the Americas.