GAITHERSBURG, Md.--(BUSINESS WIRE)--Oil Price Information Service (OPIS), a global provider of oil industry pricing, news, analysis and software, has acquired NAVX, the leading European and South American provider of retail fuel pricing, parking and Electric Vehicle (EV) charging location information.
The deal combines OPIS’ extensive North American database of real-time retail fuel prices with NAVX’s comparable database for 30 countries in Europe and South America.
“Together, we have a powerful brand and a unified platform to provide automakers worldwide with the critical information they need to develop technologies for the future of the connected car,” said Jean Cherbonnier, CEO – Co-Founder of NAVX.
The deal enables OPIS to further expand its pricing and software services into Europe and South America, said OPIS CEO Brian Crotty.
“We are extremely excited to bring NAVX onto the OPIS team. Both companies share a passion for delivering the absolute best content to customers,” Crotty said.
Both Cherbonnier and NAVX COO – Co-Founder Florent Boutellier will stay with OPIS to manage and grow the newly created OPIS-NAVX brand.
OPIS, a subsidiary of UCG, is a leading source for worldwide petroleum pricing and news information and has offices in Gaithersburg, MD; Wall, NJ; St. Paul, MN; Houston, TX; Gothenburg, Sweden and Singapore. Every day, OPIS publishes spot prices for all refined products, more than 30,000 wholesale gasoline and diesel rack prices and more than 130,000 retail fuel prices (www.opisnet.com). Through its subsidiary, Axxis Software, OPIS also provides leading-edge software solutions for petroleum marketers looking to automate price collection, data storage and repricing of dealer and commercial accounts. OPIS also owns PointLogic Energy, a leading provider of oil and gas supply, transportation and demand data and analysis with a special emphasis from the wellhead to end-use.
NAVX is an independent, privately held company with its HQ in Paris (France), and its Content Factory in Bucharest (Romania). Founded in 2006, NAVX became one of the first providers of content for navigation devices (PND and smartphones) and a pioneer in Europe.
Founded in 1977, UCG is one of America’s leading, privately held providers of specialized business-to-business information. UCG’s portfolio is composed of companies serving the information and software needs of decision makers in health care, oil and energy, technology, telecommunications, banking and finance, and the mortgage industry. The company has received many awards for journalistic excellence and was voted one of D.C.’s 50 Best Places to Work by Washingtonian Magazine. (www.ucg.com)