BUCKINGHAMSHIRE, ENGLAND — Mintec Ltd., a global provider of pricing data and analytics for food, agricultural and manufacturing commodities, has acquired Kairos Commodities, a Copenhagen-based provider of price forecasting and hedging recommendations across softs, grains, vegetable oils, dairy, meat, metals, packaging, energy, freight and currencies.
The acquisition enables organizations across the value chain to obtain a comprehensive view of commodity markets and their future price evolution, providing market professionals with intelligence to support their procurement, budgeting and risk management strategies, according to Mintec.
“By integrating Kairos into our award-winning SaaS platform, Mintec Analytics, we’ll be offering the most advanced ‘one-stop shop’ for procurement and risk managers globally,” said Spencer Wicks, chief executive officer of Mintec.
Mintec Analytics provides retailers and manufacturers with more than 14,000 independent global food and associated raw material prices. The cloud-based platform features analytics tools, including cost modelling, price change reports, dashboards and alerts.