Acquisition of PCI will create an industry-leading chemicals business at Verisk's Wood Mackenzie
JERSEY CITY, N.J., November 20, 2015 - Verisk Analytics, Inc. VRSK today announced the acquisition of The PCI Group ("PCI"), a leading consortium of five specialist companies that offer integrated data and subscriptions research in the chemicals, fibers, films, and plastics sectors. PCI will become part of Wood Mackenzie, a Verisk Analytics business, and will provide valuable services to enhance Wood Mackenzie's chemicals capabilities.
"PCI is recognized in the chemicals industry as a leading independent subject-matter expert. Its proprietary data complements our own. By bringing together PCI and Wood Mackenzie's people, data sets, and analysis, we'll transform our combined client offerings," said Stephen Halliday, CEO of Wood Mackenzie.
"We're delighted to join Wood Mackenzie. PCI's detailed chemicals and product market knowledge, alongside Wood Mackenzie's extensive knowledge of the natural resources sector, will allow for greater quality, transparency, and granularity in our offerings to clients," said Philip Gibbs, managing director of PCI Xylenes & Polyesters.
"Together, we'll create an enhanced chemicals business that will offer independent industry-leading research and consulting across our sectors," added Robin MacDonald, managing director of PCI Research.
About PCI
PCI is a consortium of five specialist companies, comprising PCI Xylenes & Polyesters Ltd, PCI Research GmbH (Nylon, Fibres and Engineering Plastics), PCI PET Packaging Resin & Recycling, PCI Films Consulting Ltd, RXN Petrochemical Consulting Inc., that work together to provide integrated data and subscriptions research in the chemicals, fibers, films, and plastics sectors. For more information please visit: www.woodmac.com/pcigroup.
About Wood Mackenzie
Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial intelligence for the world's natural resources sector. Wood Mackenzie empowers clients to make better strategic decisions, providing objective analysis and advice on assets, companies, and markets. For more information, visit www.woodmac.com or follow us on Twitter @WoodMackenzie.
WOOD MACKENZIE is a trademark of Wood Mackenzie Limited and is the subject of trademark registrations and/or applications in the European Community, the U.S.A., and other countries around the world.
About Verisk Analytics
Verisk Analytics VRSK is a leading data analytics provider serving customers in insurance, energy, healthcare, financial services, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.
Contact:
Investor Relations
Eva Huston
Senior Vice President, Treasurer, and Chief Knowledge Officer
Verisk Analytics, Inc.
201-469-2142
eva.huston@verisk.com
David Cohen
Director, Investor Relations and Business Analytics
Verisk Analytics, Inc.
201-469-2174
david.e.cohen@verisk.com
Media
Rich Tauberman
MWW Group (for Verisk Analytics)
202-600-4546
rtauberman@mww.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via Globenewswire
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