MSCI Acquires First Street for $120M to Bolster Climate Risk Data Capabilities
Summary
MSCI is acquiring First Street, a provider of physics-based climate risk data and analytics, for $120 million in cash. This strategic acquisition will enhance MSCI's climate and geospatial solutions, allowing for quantified assessments of physical climate risk across global properties. The move strengthens MSCI's leadership in climate investment tools and research, addressing increasing demand from investors and regulatory requirements for climate risk insights. The transaction is expected to close in the third quarter of 2026.
At the time of this announcement, MSCI was trading at $581.51 on NYSE in the Finance sector, with a market capitalization of approximately $42.3B. The 52-week trading range was $501.08 to $644.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.