Moody's Corp to buy Bureau van Dijk for about $3.3 bln
15 May, 2017, 18:48
( MCO ), a credit ratings, research, tools and analysis company, announced Monday that it has entered into a definitive agreement to acquire Bureau van Dijk, a provider of business intelligence and company information, for 3 billion euros or approximately $3.27 billion. It had 2016 revenue of $281 million.
Moody's said the acquisition was subject to approval by European regulators and was expected to close in the third quarter of 2017.
The purchase, he says, allows for significant opportunities for Moody's Analytics to offer complimentary products, create new risk solutions, and extend reach to new and evolving market segments.
On a GAAP basis, the acquisition is expected to be accretive to Moody's earnings per share in 2019.
Bureau van Dijk will join Moody's existing research, data and analytics unit, with the acquisition benefiting the parent company's earnings as early as 2019.