Verisk Analytics, Inc., Acquires MAKE
Denmark-based wind and solar power market intelligence and expertise enhance Wood Mackenzie's renewables research and advisory solutions
JERSEY CITY, N.J., May 22, 2017 - Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, today announced it has acquired MAKE, an industry-leading research and advisory business specializing in wind power.
MAKE will become part of Wood Mackenzie, a Verisk Analytics business focused on providing research and advisory services to the natural resources sector. The combined organization will enhance the offering to existing clients and form the leading market analysis and advisory firm on renewables and the transformation of the global electricity industry.
With detailed coverage of power market fundamentals, solar, wind, energy storage, and grid edge technologies, Wood Mackenzie will be ideally positioned to bring clients market-leading analysis and insight on the evolution of the entire energy landscape and will provide a strong platform for the future.
MAKE is leading a significant transformation in the energy sector. MAKE's cutting-edge knowledge of wind supply chains, costs, and investment trends will strengthen Wood Mackenzie's offerings in the market during this rapidly changing time in the energy sector.
Following the acquisition of Greentech Media in July 2016, Wood Mackenzie is continuing to expand its capabilities and solutions in data and insight for the power and renewables sector.
"Decarbonization is the defining trend in the energy industry today. And Wood Mackenzie is building a preeminent position to offer our clients the latest thinking in the renewables sector," said Neal Anderson, president of Wood Mackenzie. "MAKE's expertise in wind and solar power complements both Greentech Media's expertise and our own existing practice."
"I look forward to all of our clients benefiting from the combined offering," said Morten B. Keller, managing partner of MAKE. "The renewables sector continues to grow at an unprecedented pace and at a scale that impacts the entire energy landscape. In 2016, more than $200 billion was invested to build a record 116 gigawatts of solar and wind capacity. This accounted for 41 percent of all new electricity capacity globally, more than any other source."
"I'm confident MAKE is an excellent fit for Wood Mackenzie, Greentech Media, and the Verisk Analytics family of businesses," added Scott Stephenson, chairman, president, and chief executive officer of Verisk Analytics.
About MAKE
MAKE is a leading source of intelligence for the renewable energy industry-specializing in onshore and offshore wind. Products include reports, access to MAKE's proprietary databases and forecasts, analyst presentations, and direct analyst access. Bespoke consulting projects provide insight to the wind and solar power communities. MAKE has a global, loyal, and blue-chip customer base that includes some of the world's largest renewable energy companies. They have a highly diversified customer base, including suppliers, OEMs, utilities, independent power producers, and financial institutions, which are served from MAKE's locations in Denmark, China, and the United States.
Learn more: www.consultmake.com
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. Learn more: www.woodmac.com
Follow us on Twitter: @WoodMackenzie
About Greentech Media
Greentech Media delivers business-to-business news, market analysis, and conferences that inform and connect players in the global clean energy market. Our coverage area extends across the clean energy industry with a focus on solar power and the electric utility market's evolution. Greentech Media's industry-leading coverage is provided by a team of analysts from our market intelligence arm, GTM Research (https://www.greentechmedia.com/research), as well as our world-class journalists and global network of expert contributors.
Learn more: www.greentechmedia.com
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk Analytics helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 27 countries and is a member of Standard & Poor's S&P 500® Index. In 2016, Forbes magazine named Verisk Analytics to its World's Most Innovative Companies list and to its America's Best Large Employers list. Verisk is one of only 14 companies to appear on both lists. For more information, please visit www.verisk.com.
Contacts:
Investor Relations
David Cohen
Director, Investor Relations and Strategic Finance
Verisk Analytics, Inc.
201-469-2174
david.e.cohen@verisk.com
Media
Rich Tauberman
MWWPR (for Verisk Analytics)
202-600-4546
rtauberman@mww.com