Thomson Reuters has announced its agreement to acquire Point Carbon A/S, a Norwegian-based provider of trading analytics, news and content for the energy and environmental markets, BtoBOnline.com reported yesterday.

The move is aimed at strengthening Reuters footing in the energy information sector, through integration of its news and pricing service with Point Carbon's critical insight, market fundamentals and powerful analytics of key price drivers, according to the press release posted on MarketWatch.com.

"This acquisition underscores Thomson Reuters commitment to the global energy markets and supports our growth plans for our leading commodity and energy business. Thomson Reuters clients will benefit from greater expertise and highly innovative technologies that will provide further granularity and a more sophisticated view of market conditions and their impact on price and trading. We will look to expanding our business to new customers, geographies and asset classes," Shaun Sibley, Global Head of Commodities & Energy at Thomson Reuters stated in the press release.

Soon after the purchase agreement, Point Carbon's content will be available through Thomson Reuters Eikon, the company's soon-to-be launched desktop offering this year. Additionally, programmes on energy and environmental markets using Point Carbon's analysts and proprietary data will be broadcasted on Reuters financial video platform, Reuters Insider from Oslo and elsewhere around the world, according to the press release.

The programmes on energy and environmental markets will start airing on Reuters Insider later this month, according to BtoBonline.com. Financial details of the pending deal have not been disclosed yet. The deal is expected to close in the forthcoming weeks.