Argus acquires pipe information specialist Pipe Logix
Energy and commodity price reporting agency Argus has acquired Pipe Logix, a provider of pipe and tube market information. Pipe Logix produces price assessments, analytics, and forecasts for the US oil country tubular goods (OCTG) and line pipe markets. Customers include steel mills, pipe manufacturers, oil and gas companies, pipe distributors and financial investors.
Argus Media chairman and chief executive Adrian Binks said: “We are pleased to further expand our metals coverage and customer base in the steel market. We will develop the existing products and extend our services to enhance market transparency and provide greater added value to customers.
Kurt Minnich, president of Pipe Logix, commented: “Joining forces with Argus, provides an exciting opportunity to leverage their trusted brand, global reach and scale. Together, we will be able to further enhance our existing product portfolio, better serve our existing and new customers, and accelerate product development into related markets.”
The terms of the transaction were not disclosed.
About Argus Media
Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.
Headquartered in London with 1,300 staff, Argus is an independent media organisation with 29 offices in the world’s principal commodity trading hubs.
Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.
Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.
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