Fastmarkets Global Limited

Fastmarkets Global Limited, based in the UK, functions as a leading cross-commodity price reporting agency, delivering essential market data and analytics to various industries, including agriculture, metals, and mining. Founded in 1882 and headquartered in London, UK, Fastmarkets operates as a cross-commodity price reporting agency that provides critical pricing data and market insights. The company was acquired by Astorg from Delinian in a public-to-private transaction finalized on November 24, 2022. The CEO is Raju Daswani, who oversees the company's strategic direction and growth initiatives.

Fastmarkets has successfully completed one significant deal to enhance its offerings. Fastmarkets offers a comprehensive range of products and services through a subscription-based model, focusing on agriculture, forest products, metals, and mining sectors. Their solution suite includes access to over 5,500 price benchmarks and detailed forecasts on supply and demand across various commodities. Fastmarkets employs a team of over 200 reporters and analysts who provide insights that help clients, including traders and manufacturers in North America, Europe, and Asia-Pacific, to minimize risk and make informed decisions.

In 2023, Fastmarkets reported revenue of USD 53. 98 mn, with an EBITDA amounting to USD -20. 86 mn for the same year, highlighting the company's financial performance amid its operations in the commodity market. Fastmarkets plans to leverage its recent acquisition by Astorg to enhance the implementation of precise data solutions and expand its market intelligence services.

The company is focusing on expanding into new geographic markets, particularly targeting regions in Asia-Pacific and Europe by 2024. The investment from the acquisition will support Fastmarkets’ growth through acquisitions, enabling them to develop and launch new products tailored to client needs.