Greentech Media, GTM Research to be acquired by Verisk Analytics

Share

We at pv magazine have long enjoyed the well-researched and insightful writing of our colleagues at Greentech Media. Furthermore, GTM Research, the market research arm of Greentech Media Inc., has been a key source for much of our work covering solar in the Americas and the definitive source of U.S. solar market data.

On Tuesday, Greentech Media Inc. announced that Verisk Analytics has declared its intent to acquire both divisions of the company, in a transaction which is expected to close in the third quarter of 2016.

This will include the folding of GTM Research into Verisk subsidiary Wood Mackenzie, which provides research and consulting services for the energy, metal and mining industries. Verisk acquired Scotland-based Wood Mackenzie for $2.8 billion last year.

In an article announcing the bid, Greentech Media notes that this acquisition will allow it access to resources and global markets, and hinted at the company’s “next growth phase”. The publication also assured readers that its core mission of providing renewable energy information remains the same.

This is far from the first time that a larger energy research and consultancy firm has acquired a clean technology market research firm. In 2012 multi-industry information and analytics provider IHS (Now IHS Markit) acquired IMS Research and its team of experienced solar market analysts, and in 2014 swallowed up Solarbuzz.

Looking further back, former New York Mayor Michael Bloomberg’s Bloomberg L.P. media empire acquired Michael Liebreich’s New Energy Finance in 2009, to make Bloomberg New Energy Finance.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Energy storage is a solved problem

08 October 2024 There are thousands of extraordinarily good pumped hydro energy storage sites around the world with extraordinarily low capital cost. When coupled wit...

Share

3 comments

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.