Vigeo and EIRIS announce merge
Vigeo and EIRIS, two established ESG research agencies from France and the United Kingdom, will merge to create a single European agency with a global reach...
Through the complementary nature of their expertise, their combined geographical presence and the coverage of their research, this new group, with its expanded portfolio of clients, will profit from a unique strategic position in the SRI market.
Vigeo and EIRIS, with their combined expertise and services, are perfectly positioned to meet the changing needs of both investors and issuers .
Companies and financial actors are now global in nature requiring access to diverse and detailed levels of information and analysis. This point to the need of an actor capable of developing a world class offer.
This merger marks the start of a new strategic phrase for both Vigeo and EIRIS. It will result in the consolidation of existing market shares, notably in Europe and the United States. It will also lead to the establishment of a truly global research partnership that will provide the new group with a critical mass and strong prospects for future growth.
Marking this historic occasion, Nicole Notat stated that « This merger makes sense. It allows both agencies to undertake a meaningful shift in their size at the moment when the RI market is developing, diversifying and growing in maturity ».
Peter Webster from EIRIS confirmed this, stating that « Both parties have proud histories and have achieved many things independently. But this merger creates many new opportunities for ourselves and our clients. By combining our strengths, Vigeo – EIRIS will contribute in a significant way to the development of responsible investment around the world ».
Both agencies are leaders in their markets with strong potential for further growth. The two agencies will build upon on their reputations and strong brand names, as well as on their skills that have produced innovative methodologies and technologies. With a team of 180 employees, the new entity will analyse up to 10,000 issuers. The pooling of their resources and tools will further broaden the coverage of issuers rated on an annual basis to better serve the growing needs of their clients.
Based on methodologies that are synergetic and complementary, Vigeo – EIRIS will offer a wide product suite tailored to the needs of a range of global investors.