M&A Deal Summary

OPIS Acquires Singapore Solar Exchange Pte - Pricing Data Assets

On June 14, 2022, OPIS acquired business services company Singapore Solar Exchange Pte - Pricing Data Assets from Singapore Solar Exchange

Acquisition Highlights
  • This is OPIS’s 1st transaction in the Business Services sector.
  • This is OPIS’s 1st transaction in Singapore.

M&A Deal Summary

Date 2022-06-14
Target Singapore Solar Exchange Pte - Pricing Data Assets
Sector Business Services
Buyer(s) OPIS
Sellers(s) Singapore Solar Exchange
Deal Type Divestiture

Target

Singapore Solar Exchange Pte - Pricing Data Assets

Singapore, Singapore
Singapore Solar Exchange's- Pricing Data Assets comprises solar panel pricing, market reporting, and associated data assets.

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Buyer(S) 1

Buyer

OPIS

Rockville, Maryland, United States

Category Company
Founded 1977
Sector Software
Employees290
DESCRIPTION

OPIS is a provider of oil industry pricing, news, analysis, and software. OPIS also provides edge software solutions for petroleum marketers looking to automate price collection, data storage, and repricing of dealer and commercial accounts. OPIS was founded in 1977 and is headquartered in Rockville, Maryland.


DEAL STATS #
Overall 4 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 GasBuddy

Boston, Massachusetts, United States

GasBuddy is a consumer app and website to help consumers find cheap gas prices. The GasBuddy app currently generates fuel pricing information on 150,000 stations across North America. While most of its peer-to-peer interactions are from users searching and posting local gas prices, the app also enables reviews of facilities and supports wayfinding. GasBuddy was founded in 2000 and is based in Boston, Massachusetts.

Sell -

Seller(S) 1

SELLER

Singapore Solar Exchange

Singapore, Singapore

Category Company
Founded 2010
Sector Business Services
DESCRIPTION

Singapore Solar Exchange is a trading firm for solar materials for customers worldwide and is the publisher of a much sought-after weekly solar intelligence report. SSX helps improve transactions between solar material suppliers (such as polysilicon, wafers, cells, and panels) and users of these materials. From PV wafers to solar panels, the company ensures that its clients will get high-quality solar materials at the right price for their needs. It comprises three businesses: Solar material supply chain, Spot and Futures Price reports (SSX Morning Ray), and Online trading platform (WAPX). Singapore Solar Exchange was formed in 2010 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Singapore) 1 of 1
Year (2022) 1 of 1