Telvent announced today that it has acquired DTN.
Telvent (NASDAQ: TLVT), the IT company for a sustainable and secure world, announced today that it has signed an agreement to acquire one hundred percent of U.S.-based business information services provider, DTN Holding Company, Inc. (DTN), headquartered in Omaha, Nebraska. The acquisition represents an all cash purchase of DTN for a total enterprise value of $445 million U.S. dollars (approx. 310 million Euros), to be financed through a combination of fully funded senior indebtedness and the issuance of common equity. The transaction is expected to close in the fourth quarter of 2008 and is subject to customary regulatory and shareholder approvals.
The acquisition of DTN marks another important strategic step in Telvent fulfilling its vision to help build a sustainable world, by adding an important new segment – agriculture – and by strengthening its 
existing energy, transportation and environment segments. DTN has a large list of world class customers in the areas of downstream refined fuels, wind farms, grain producers, agribusinesses, biofuels producers, departments of transportation and aviation companies, among others.
Robert Gordon, Chief Executive Officer of DTN commented, “We are thrilled about the future with Telvent, which will allow us to develop a long-term plan headed to better serve our customers with the information and systems that they need to make day-to-day critical decisions. We see many opportunities to integrate our services and achieve extensive new growth on a global scale, while allowing our professionals to develop their careers in a solid global company”.