MSCI announces acquisition of Trove Research; financial terms not disclosed

MSCI announced it has signed a purchase agreement to acquire Trove Research, a specialist data, analysis and advisory firm. Henry Fernandez, Chairman and CEO, MSCI, said: “The voluntary carbon market has a key role to play in helping the world achieve net-zero emissions while helping our clients navigate the transition. Trove Research offers unique data and insights on how the market works and what can be done to improve it. By combining these tools with our integrated franchise, diverse client base, and wide range of capabilities, MSCI will strengthen its position as a leading provider of climate-related investment solutions.” The terms of the transaction were not disclosed and the financial impact of the transaction is not expected to be material to MSCI. The transaction is expected to close this quarter, subject to customary closing conditions. Trove Research’s financial results will be presented as part of MSCI’s ESG & Climate reportable segment.