ESG commodities platform Xpansiv acquires APX

The acquisition of APX furthers the company’s formal expansion, which includes the acquisition of OTX Group and the opening of a London office.

Global carbon and environmental commodities market infrastructure platform Xpansiv has acquired APX to empower markets to scale with liquidity and efficiency.

APX provides registry infrastructure for energy and environmental markets and has been a long-term strategic partner of Xpansiv, whose exchange CBL is fully integrated with leading registries that operate on APX infrastructure.

In March 2022, Xpansiv acquired a 20% minority ownership interest in APX. Earlier this month, Blackstone announced that funds managed by Blackstone Energy Partners committed $400 million to lead a strategic investment in Xpansiv. Blackstone’s capital injection enabled Xpansiv to complete the APX acquisition.

Nathan Rockliff, Chief Strategy Officer at Xpansiv, commented: “The APX addition enables integration across the environmental commodities lifecycle. From registry infrastructure to portfolio management, exchange, and market intelligence, we help companies efficiently meet their environmental commitments with the required scale and transparency.”

Joe Varnas, Chief Executive Officer at APX, said: “Over the years partnering with Xpansiv, our firms have come to share a common vision for high-integrity, scalable market infrastructure. With our combined capabilities, we’re empowering the world’s transition to clean energy and sustainability.”

John Melby, President and Chief Operating Officer at Xpansiv, added: “We’re pleased to increase our customer offerings in this space to include APX’s impressive registry tools and services. By expanding our already robust infrastructure, we’re giving market participants the innovative tools needed to scale, and the platform to support their ESG and climate goals.”

Xpansiv connects buyers and sellers of environmental commodities and provides market data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels—all critical elements of decarbonization. Xpansiv’s growing ecosystem supports companies seeking to meet environmental and emissions reduction goals.

With offices in Sydney, New York, and San Francisco, Xpansiv announced it has opened a London office to better support its growing client base in the United Kingdom and Europe.

The global marketplace for ESG commodities is leveraging the London office to be closer to clients and key stakeholders in this region, said Henrik Hasselknippe, Head of XMarkets, Xpansiv’s portfolio of exchanges that includes CBL, ACE, OTX, and H2OX.

The London office furthers the company’s formal expansion, which includes the acquisition of OTX Group, which has offices in London and Milan.

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