Euromoney, UK quoted global B2B data provider, is expanding its Fastmarkets Agriculture business with the acquisition of The Jacobsen for a consideration of $12.25m (5 x revenue). The Jacobsen is a price data and forecasting service for North American agricultural markets including feed and vegetable oils and clean energy supplies. The Jacobsen was founded in Chicago in 1865. The company had a revenue of $2.4m in 2020. The bolt-on deal follows Euromoney’s purchase of AgriCensus. The upside could be in the market growth potential for clean energy inputs with biofuels as part of an expanding clean tech and renewables market.
Euromoney buys US farm prices
