LONDON, November 28, 2011 /PRNewswire/ --

ICIS, the global chemical, energy and fertilizer market intelligence division of Reed Business Information, has announced its acquisition of the global data products and research services of Parpinelli TECNON.

Established in 1958, Parpinelli TECNON is an independent data and consulting business specializing in the areas of petrochemicals, feedstocks, energy, refining and speciality chemicals.

The business provides in-depth information to businesses to support planning and research projects and the development of market strategies through annual report programmes, analysis tools and individual consulting projects.

Parpinelli TECNON's underlying industry market data provides over 30 years' historical supply and demand data and future data projections and scenarios to 2030. The depth of their data and analysis will increase ICIS' capability in supporting clients with exploring future supply and demand trends and complements the hundreds of market price reports currently supplied by ICIS.

ICIS is the world's largest global petrochemical market information provider, with fast growing energy and fertilizer divisions.

Their aim is to help companies in global commodity markets make better informed trading and planning decisions by delivering trusted pricing data, high value news, analysis and independent consulting to give them a competitive advantage.

Christopher Flook, Managing Director of ICIS said: "The acquisition of Parpinelli Tecnon significantly increases our capacity to support transactions in global petrochemicals markets. Parpinelli TECNON's unique proprietary data will enable the development of powerful new products, whilst their wealth of knowledge and experience in single client services is a great complement to our China consulting business".

Based in the Parpinelli TECNON head office near Milan, Italy, John Wyatt, CEO said: "we are proud of the products and services that we have been offering to the chemical and energy industries for over 50 years. Being part of ICIS will provide an excellent opportunity to take our industry leading knowledge and databases to the global ICIS audience."

About Parpinelli TECNON

Established in 1958, Parpinelli TECNON is an independent data and consulting business specializing in the areas of petrochemicals, feedstocks, energy, refining and speciality chemicals.

Services provided are:

Annual studies - in-depth annual studies provide detailed information on global, regional and country demand, trade, supply and forecast trends for major petrochemicals and feedstocks.

Software analysis tools - proprietary software and online tools give users access to databases containing a wealth of supply, demand, import and export data and company and plant statistics on over 100 petrochemical and refinery products. Easy to search and manipulate, the powerful data tools are used to consistently model future scenarios and trends.

Consulting - an experienced team of consultants deliver tailored insight and analysis to support strategic planning and research.

About ICIS

ICIS is a division of Reed Business Information, part of Reed Elsevier. With a global staff of more than 600, ICIS has employees based in Houston, Washington, New York, London, Milan, Dusseldorf, Mumbai, Singapore, Guangzhou, Beijing, Shanghai and Perth. The team covers over 140 commodity markets and has in-depth knowledge across markets in upstream and downstream sectors in Europe, Africa, the Middle East, Asia-Pacific and the Americas.

About Reed Business Information

Reed Business Information brings market leading brands to an audience of millions of decision makers worldwide through its multi-platform media of data services, online lead generation services, community websites, magazines and events. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors.

For further information contact: Justine Gillen +44-208-652-8031

SOURCE ICIS