Aquantix, a Montreal-based technology company that develops and delivers property-level climate risk data services for the real estate and mortgage lending industries and whose AI-powered models quantify the impacts of climate change on half a billion residential and commercial assets in 180 countries, was acquired by Morningstar Sustainalytics.
Combined with technology and analytics from Aquantix, Morningstar Sustainalytics will offer a range of market-leading climate solutions to empower investors, banks, lenders, and companies to make more informed climate-related decisions.
Morningstar Sustainalytics will also benefit from Aquantix's strategic partnership with Teranet Inc., a global leader in modern registry solutions, real estate ecosystem platforms and data and analytics. Canada-based Teranet integrates Aquantix's property-level climate risk data into its offerings to provide federally regulated financial institutions and regulators with market-leading data solutions.
Fasken, with a team comprised of Kosta Kostic, Kadiatou Sow and Julien Fournier (M&A), Martin Legault and Quentin Lageix (Tax), Jean-Philippe Mikus and Nicolas Charest (IP) and Florence Gauthier (Labor & Employment), acted as legal counsel to Aquantix in connection with this transaction.
Jurisdiction
- Québec
