London Stock Exchange Group PLC agreed to acquire France-based data provider Beyond Ratings S.A.S. for an undisclosed amount to bolster its information services business.
The British bourse operator said the acquisition complements its existing FTSE Russell index and data offerings on environmental, social and governance matters. FTSE Russell will also explore multi-asset index solutions using Beyond Ratings' data, risk models and ESG research forte.
LSEG said it would fund the deal through existing facilities.
Based in Paris, Beyond Ratings' reach spans 10,000 companies in 175 countries.