Nasdaq OMX Group has obtained the necessary regulatory approvals to acquire Norway-based Nord Pool ASA, which holds a Norwegian exchange license and operates the Nordic power market and the European carbon market on one trading platform.
Following the completion of transaction, the Nasdaq OMX Commodities offering now includes the power derivatives exchange and one of Europe’s carbon exchanges.
Hans-Ole Jochumsen, executive vice president of Nasdaq OMX, said: “We are pleased to complete this acquisition as it forms one of the cornerstones in our strategy to become the global leader in the commodity exchange business.
“The combination of Nasdaq OMX’s world class exchange technology and Nord Pool ASA’s extensive experience in the Nordic financial power market will put us in a prime position for continued growth in the commodities space.”
Geir Reigstad, senior vice president of Nasdaq OMX Commodities, said: “This transaction will allow us to further improve our services, offer more efficient solutions and swiftly meet changes and new requirements in the commodities markets. The Nord Pool team will be an important part of Nasdaq OMX Commodities’ global ambitions managed from our premises at Lysaker outside Oslo.”
However, the acquisition does not involve the Nordic physical electricity market operated by Nord Pool Spot.