Bloomberg acquires market research firm New Energy Finance

Bloomberg, a financial news company, had recently acquired New Energy Finance (NEF), a UK-based market research firm, in a bet on the growth of carbon and clean energy markets.

The purchase of NEF, which was completed last week for an undisclosed price, came a week after Bloomberg successfully bought Business Week, a US-based magazine company previously owned by McGraw-Hill. Founded in 2004, NEF currently employs 130 workers, and provides analysis, data and news on clean energy issues.

Bloomberg is hoping that the recent acquisition will give the company a foremost position in providing information about the rapidly growing clean energy market. Daniel Doctoroff, President of Bloomberg, informed that the carbon market will experience a massive expansion in the following years.

NEF forecasts that the trading volume in the global clean energy market will increase from $120 billion in 2009 to about $2,000 billion by 2020. Michael Liebreich, Chairman and CEO of NEF, said that Bloomberg’s technology skills and analytical tools would enable his company to expand in pace with its core markets.

NEF serves top financial service providers and corporations active in clean energy, and works closely with the UN, World Economic Forum and a number of governments worldwide. Jon Moore, the company’s commercial director and deputy chief executive, believes that the deal will enable NEF to extend far beyond its current client base by using the resources provided by Bloomberg.

Bloomberg has more than 2,200 multimedia and news professionals at 146 bureaus in 72 countries. The company’s 24-hour TV network reaches over 200 million households, while its radio network broadcasts via Sirius XM and 1worldspace(TM) globally.