Tuesday, December 14, 2010
McGraw-Hill Companies Inc. said Tuesday that its Platts energy and metals division will buy Bentek Energy LLC, an analytics firm specializing in the energy market, the company's second such purchase this month.
Terms of the deal were not released. The acquisition is expected to close in early 2011.
Bentek, based in Evergreen, Colo., provides companies with analytics and information services about the natural gas market.
For Platts, Bentek was an appealing target because it will allow it to offer a wider variety of analytical services to its customers, as well as expand its research coverage in North America and Europe.
"By combining Bentek's analytical expertise with Platts' products, we can offer customers a comprehensive view of the North American natural gas market," said Larry Neal, president of Platts.
Last week, McGraw-Hill announced that Platts plans to buy the Oil Price Information Service for an undisclosed price.
Shares of McGraw-Hill rose 5 cents to $36.21 in afternoon trading.
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