Xpansiv, a San Francisco, CA- and Sidney, Australia-based market-infrastructure platform for global carbon and environmental commodities, acquired APX, a San Jose, California-based leader in registry infrastructure for energy and environmental markets.
The amount of the deal was not disclosed.
The acquisition brings together two innovators with the technologies and capabilities to empower markets to scale with liquidity and efficiency.
Led by CEO Joe Varnas, APX is a provider of innovative technology and dynamic end-to-end service solutions for environmental commodity and power markets. The company’s expertise spans carbon and renewable energy credit markets, sustainable commodity markets, power generation asset management, physical power markets, and demand response program administration. In this capacity, APX serves a diverse set of clients globally, including standards bodies, regulators, government entities, and NGOs.
Xpansiv provides the market infrastructure and data platform for carbon, renewable, and digital energy commodities. The company’s main business units include CBL, a spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas; H2OX, a spot exchange for water; XSignals, which provides end-of-day and historical market data; EMA, a multi-registry portfolio management system for all environmental commodities; and now APX, a provider of registry infrastructure for energy and environmental markets.
Earlier this month, Blackstone announced that funds managed by Blackstone Energy Partners committed $400 million to lead a strategic investment in Xpansiv. Blackstone’s capital injection enabled Xpansiv to complete the APX acquisition.
FinSMEs
01/08/2022