By Dipo Olowookere
Moody’s Corporation has announced completing the acquisition of Bureau van Dijk, a global provider of business intelligence and company information.
The acquisition strengthens Moody’s position as a leader in financial risk data and analytical insight.
Moody’s announced that it had agreed to acquire Bureau van Dijk on May 15, 2017 and, on July 28, 2017, that it had received clearance under the EU Merger Regulation from the European Commission.
Bureau van Dijk aggregates, standardizes and distributes one of the world’s most extensive private company datasets, with coverage exceeding 220 million companies.
It has partnerships with more than 160 independent information providers, creating a platform that connects customers with data that addresses a wide range of business challenges.
Bureau van Dijk’s solutions support the credit analysis, investment research, tax risk, transfer pricing, compliance and third-party due diligence needs of financial institutions, corporations, professional services firms and governmental authorities worldwide.
From now on, Moody’s financial results will include Bureau van Dijk’s operations. Moody’s expects to provide updated full year 2017 guidance, inclusive of the impact of Bureau van Dijk, in its third quarter 2017 earnings release.
In addition, beginning with the third quarter 2017 earnings release, Moody’s will present adjusted net income and adjusted diluted EPS measures as well as results in accordance with U.S. GAAP.
The adjusted measures will exclude all of Moody’s acquisition-related amortization expenses, as well as other costs associated with the purchase of Bureau van Dijk, such as the accounting impact of purchase price hedging, transaction fees and certain integration costs.
Adjusted net income and adjusted diluted EPS will also exclude the previously reported gain from the strategic realignment and expansion of Moody’s Chinese affiliate, China Cheng Xin International Credit Rating Co. Ltd. (CCXI).
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