Friday, June 2, 2017

TBG buying DTN

TBG is paying $900 million to buy DTN and is promising to “reinstate the powerhouse”.

TBG said “the Weather Services business serves customers in energy, aviation, sports and recreation, and transportation to mitigate weather risk via best-in-class weather forecast accuracy and decision support tools.

“The agriculture business provides critical information and solutions to allow farmers and agribusinesses to make better decisions for both production efficiency and the buying and selling of grains, oilseeds and livestock.

“The Trading business offers configurable tools to help customers analyze and make informed trading decisions in futures and physical commodity markets.

“DTN’s Refined Fuels business connects the downstream oil and gas supply chain as the digital hub for all supply chain participants enabling operational efficiencies and improved profitability.”