By merging advanced satellite monitoring with market analysis, the combined company aims to deliver faster and more actionable intelligence to clients navigating volatile global energy markets.
UK market data and intelligence provider Energy Aspects has agreed to acquire Paris energy analytics and satellite data company Kayrros.
The acquisition supports Energy Aspects’ growth strategy and will expand its data and analytics capabilities. By combining Energy Aspects’ market expertise and analysis with Kayrros’ capabilities in satellite-based monitoring and advanced analytics, the combined group will strengthen its position as a leading source of energy market data and analytics.
Kayrros’ strengths in geospatial proprietary data and machine learning will enhance Energy Aspects’ offering, enabling clients to benefit from more timely, actionable intelligence across the energy value chain.
Such earth observation capabilities have proven particularly valuable during periods of heightened geopolitical uncertainty, including recent events in the Middle East, where rapid and unbiased geospatial data is critical for accurate market analysis.
Fredrik Fosse, CEO of Energy Aspects, said:
“The future of energy market intelligence will be shaped by data, technology and advanced analytics. Bringing Kayrros into Energy Aspects allows us to combine our deep market expertise with world-leading satellite and geospatial data capabilities.
Together we will accelerate innovation and deliver a new generation of data-driven insights to clients across energy and financial markets.”
According to Antoine Rostand, President and Co-founder of Kayrros, joining forces with Energy Aspects marks the start of a decisive new chapter for Kayrros.
“We share a firm belief that better data makes for better decisions, and together we will move faster to provide more exact, more actionable energy intelligence.
This will greatly improve our ability to innovate at speed and redefine what clients can expect from energy data and intelligence.”
Upon completion of the transaction, the combined group will serve clients across energy and financial markets with a broader suite of proprietary data and technology-driven intelligence products.