Environmental, social and governance research firm Sustainalytics has acquired GES International, a Stockholm-based global provider of engagement, screening and fiduciary voting services to institutional investors.
Terms of the deal, which closed on Jan. 2, have not been disclosed.
"This allows us to deepen and expand our product offerings to our clients," said Sustainalytics CEO Michael Jantzi in a phone interview. "Particularly in the Nordic region."
Sustainalytics will have 17 offices across the globe with more than 500 team members. In addition to its Stockholm headquarters, GES has offices in Zurich, Copenhagen, London and Zielona Gora, Poland.
Nearly all of the 65 GES employees, including the entire senior management team, will join Sustainalytics.
Mr. Jantzi explained that he and GES founder and Chairman Magnus Furugard have known each other for 20 years, and the two firms "share the same approach to business and have a very similar culture and mission."
In March 2018, Sustainalytics purchased certain assets from Solaron Sustainability Services, a provider of ESG ratings and research to global investors.