Brady, a supplier of trading and risk management solutions for metals and commodities, plans to acquire Viz Risk Management, a provider of risk management and trading solutions to the energy markets, principally electricity, gas, emission certificates and coal. The deal is anticipated to complete in December this year.
Norway-based Viz has an established client base throughout Europe, with long-term clients, including major energy producers and traders. Viz’s Elviz ETRM (energy trading, transaction and risk management) will be Brady’s lead product to the energy sector and provides trading and risk management solutions for electricity, gas, coal and emissions. Viz’s product range will be combined with Brady’s existing offerings as part of the company’s ‘single source – single view’ strategy to provide comprehensive solution sets for specialist markets.
Gavin Lavelle, Brady’s chief executive officer (CEO), said: “Viz Risk Management will greatly strengthen our offerings in the energy markets in the same way that our recent acquisition of Viveo enabled us to broaden our support for softs and agricultural asset classes, in addition to our established expertise in base and precious metals. This will be of enormous benefit to both Viz and Brady clients as energy is an important input price into the industrial companies producing or fabricating commodities.”
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