Moody's, an American provider of strategic risk, data, and analytics information, has agreed to purchase a Dutch competitor for $3.3 billion.
Moody's says it will purchase Dutch information provider Van Dijk in a deal to expand the ratings of the agency's business throughout the world.
The company says Van Dijk will have a slight effect on Moody's income and profits as early as 2018 and should start contributing substantially by 2019.
The acquisition is part of Moody's ongoing growth-via-investment strategy in Europe. Earlier this year the company purchased the structured-finance data and analytics business of SCDM of Frankfurt, Germany.
Established in 1909, Moody's had U.S. revenues of nearly $3 billion in 2013. The company employs more than 10,400 worldwide.
Moody's stock has risen more than 20 percent during 2017...