Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

AXIO announces acquisition of FOEX and partnership deal with RISI  Join our daily free Newsletter

MENAFN Press - 06/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press)

London, 3rd April, 2014 (Press Release) “ AXIO Data Group Ltd (AXIO) announced that it has acquired FOEX Indexes Ltd (FOEX) which will sit alongside RISI in AXIO's portfolio of forest products information assets. FOEX also announced today that FOEX and RISI have entered into a long-term agreement for RISI to become the exclusive re-seller of FOEX data subscription products



As part of AXIO, FOEX will remain an independent organization providing price indices, keeping its industry-leading FOEX brand and PIX„ trademarks while gaining access to additional resources to expand. Timo Ters will remain Managing Director and all FOEX staff will remain, as will the PIX indices and methodology.



AXIO CEO, Henry Elkington, said "Over the past 15 years FOEX has developed a robust methodology for price discovery in the forest products sector. We see an opportunity to leverage our ownership of both FOEX and RISI to create stronger and more extensive price discovery for the sector which will ultimately drive market efficiency and value for all stakeholders.



FOEX Managing Director, Timo Ters, said, "We've struck a partnership that maintains our rigorous standard and adherence to methodology while gaining access to additional resources for the marketing of our subscription services from RISI. The partnership allows us to introduce additional PIX indices at a speedier time-table than alone, fulfilling an important request from the market.




Through AXIO's ownership, FOEX and RISI will work together to improve price monitoring practices across the global forest products industry. FOEX will continue to manage and administer all contracts for commercial use of PIX indices, and RISI will become the exclusive re-seller of FOEX pulp and paper data subscriptions. The FOEX wood and bioenergy products data sales will be handled by FOEX. Given how widespread price information from each organization is used in the industry, RISI and FOEX commit to make no changes to existing price series before consulting market participants and then giving sufficient advance notice of any changes



Global Head of RISI Indices, Matt Graves said "RISI is committed to providing objective, reliable, and independent prices for the global forest products sector. We look forward to working with the team at FOEX to improve the overall service we deliver to our clients."


About AXIO Data Group Ltd
About AXIO Data Group Ltdwww.AXIOgroup.netAXIO operates a portfolio of market-leading information businesses. AXIO serves customers in a range of sectors including: healthcare, aviation, forest products, intellectual property licensing, containerised trade and breakbulk services. AXIO's product brands are recognised for quality and authority by the markets they serve. AXIO operates in over 25 countries and is based in London.About FOEX Indexes Ltdwww.foex.fiFOEX Indexes Ltd is a specialised provider of audited, trade-mark registered pulp, paper, recovered paper and wood based bioenergy/biomass price indices. FOEX is based in Helsinki, Finland.About RISIwww.risi.comRISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens, printing and publishing industries to help them make better decisions. Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.##########################For Press Enquiries, please email: contactus@axiogroup.net

 


MENAFN Press




  MENA News Headlines
 Aug 29 2016 - Middle East's Leading Supplier of Aggregates and Asphalt Chooses ORION ERP Suite to Consolidate its Country OperationsMENAFN Press
(MENAFN Press) After the recent acquisition of six companies in the United Arab Emirates, Oman and Qatar, Middle East's leading supplier of aggregates and asphalt has chosen 3i Infotech's flagship ...

 Aug 29 2016 - New report defines world-class apprenticeships as those rooted in sector skills, knowledge and progression to employmentMENAFN Press
(MENAFN Press) A new report has been released in the Middle East from the University of Derby, supported by Pearson, which looks at some of the world's most heralded apprenticeship systems. The ...

 Aug 29 2016 - New report defines world-class apprenticeships as those rooted in sector skills, knowledge and progression to employmentMENAFN Press
(MENAFN Press) A new report has been released in the Middle East from the University of Derby, supported by Pearson, which looks at some of the world's most heralded apprenticeship systems. The ...

 Aug 29 2016 - New report defines world-class apprenticeships as those rooted in sector skills, knowledge and progression to employmentMENAFN Press
(MENAFN Press) A new report has been released in the Middle East from the University of Derby, supported by Pearson, which looks at some of the world's most heralded apprenticeship systems. The ...

 Aug 29 2016 - Trend Micro 1H Security Roundup Report Showcases Evolution of Ransomware and BEC ScamsMENAFN Press
(MENAFN Press) Dubai, United Arab Emirates As Trend Micro predicted, 2016 has proven to be a year of online extortion through various malicious attack methods. Trend Micro Incorporated (TYO: 4704; ...

 Aug 29 2016 - Learningonline.xyz Supports UN Global Goals for Quality Education with its Online TESOL Program for Language TeachersMENAFN Press
(MENAFN Press) Learningonline.xyz Supports UN Global Goals for Quality Education with its Online TESOL Program for Language Teachers The Global Goals for Quality Education are vital for the ...

 Aug 29 2016 - UN's Ban Ki Moon urged to listen to Northern Provincial Council leaders & not to Colombo based MP's: Tamils for ObamaMENAFN Press
(MENAFN Press) UN's Ban Ki Moon urged to listen to Northern Provincial Council leaders & not to Colombo based MP's: Tamils for Obama NEW YORK, USA, August 29, 2016 /EINPresswire.com/ -- Tamils ...

 Aug 29 2016 - Industrial Robotic Software Market - Structure, Size, Trends, Analysis and Outlook 2016-2022MENAFN Press
(MENAFN Press) Industrial Robotic Software Market - Structure, Size, Trends, Analysis and Outlook 2016-2022 Robotic software is an important component of industrial robotic system and plays a core ...

 Aug 29 2016 - Sonbranch Music Releases Restored, Delivering Music of Healing and Comfort to Those Who Are HurtingMENAFN Press
(MENAFN Press) Sonbranch Music Releases Restored, Delivering Music of Healing and Comfort to Those Who Are Hurting ORANGE COUNTY, CA, UNITED STATES, August 28, 2016 /EINPresswire.com/ -- Sonbranch ...

 Aug 29 2016 - Indagem Tech Launches Indiegogo Campaign to Fund Mobile Security Lost-Item Tracker SystemMENAFN Press
(MENAFN Press) Indagem Tech Launches Indiegogo Campaign to Fund Mobile Security Lost-Item Tracker System UMS HomeShield Monitoring anything UMS HomeShield Track anything UMS HomeShield Smart ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help