BDO AG Wirtschaftsprüfungsgesellschaft has advised the British Argus Media group on the acquisition of commodity price information service provider O.M.R. OIL MARKET REPORT GmbH. The family-run business O.M.R. with a history going back nearly 35 years is located in Kellinghusen near Hamburg and provides pricing information on the domestic and international markets for oil products, biofuels and wood pellets. Its pricing information is widely used for supply contracts throughout the country and beyond.
Argus, headquartered in London with 23 offices in the world’s principal commodity trading and production centres, is a provider of energy and commodity price benchmarks. With the acquisition of O.M.R., Argus strengthens its market position in Germany.
"BDO provided us with strong technical expertise in carrying out the due diligence and PPA. The team was very pragmatic and commercial in their approach. Their effectiveness has contributed tremendously towards our successful completion of the acquisition."
Sebastian Wagner,
Group Financial Controller bei Argus