NEW YORK, May 13, 2004 — Platts, the global energy information division of The McGraw-Hill Companies (NYSE: MHP), today announced that it has acquired the energy conference business of CBI Research, Inc., also known as The Center For Business Intelligence (CBI). Terms of the transaction were not disclosed. CBI was represented in the sale by the merger and acquisition advisory firm Whitestone Communications, New York.
“Given the dynamic nature of the energy industry and the growing need for information and analysis of issues relating to it, we are pleased to be able to offer our customers and the industry greater breadth and depth in our conference offerings,” said Harry Sachinis, president of Platts. “The addition of CBI’s conference expertise to Platts’ existing event program positions us as a leading conference producer for worldwide energy markets and adds to our capabilities as we seek to further enable global energy markets to function with efficiency, transparency and integrity.”
Launched in 1995, CBI’s energy division produces over 30 conferences for the energy industry each year. The group brings together leading experts to evaluate current regulatory climates and reforms, privatization and development timelines, financing mechanisms, legal issues and risk mitigation strategies on a wide range of topics. From the ongoing deregulation of electric and gas markets to privatization and development opportunities in the electric, oil and gas sectors, CBI’s energy conferences offer knowledgeable solutions to the challenges of doing business in specific regions. Following the sale of its energy division, CBI will continue its conference business in non-energy related industries.
Platts is the world leader in providing energy information. For nearly a century, Platts has helped to enable ever-changing global energy markets enhance their performance through such offerings as independent industry news and price benchmarks. From 14 offices worldwide, Platts covers the oil, natural gas, electricity, nuclear power, coal, petrochemical and metals markets. Additional information on Platts real-time news and price assessment services, publications, databases, geospatial tools, conferences, magazines, research and analytical services and energy financial services is available at www.platts.com.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The Corporation has more than 280 offices in 40 countries. Sales in 2003 were $4.8 billion.
Additional information is available at http://www.mcgraw-hill.com.
Contacts:
Jim Keener
Platts
+1 (720) 548-5624
mailto:james_keener@platts.com
