Dow Jones has announced that it has acquired A2i Systems, a leader in AI-powered fuel pricing solutions.
A2i adds to Dow Jones’ growing suite of artificial intelligence (AI) capabilities and will operate as a subsidiary of OPIS within Dow Jones’ energy business, maintaining its focus on innovation and product development. A2i’s AI engine applies advanced predictive technologies and real-time pricing data to forecast consumer buying behaviours in dynamic market conditions.
Its PriceCast platform is in operation at over 12,500 fuel sites, electric vehicle (EV) charging stations, and convenience stores across over 20 countries globally.
“This knowledge and expertise is an excellent companion to OPIS, enabling us to create immediate value for our customers and subscribers. Our shared commitment to integrity and innovation with AI open a range of growth opportunities not only for our energy vertical but for Dow Jones writ large,” said Almar Latour, CEO of Dow Jones.
A2i joins Dow Jones at a time of continued growth and expansion as a leading business news and information business. In its latest reported earnings, Dow Jones revenues totalled $544 million, which included 15% growth in its energy business.
“Joining forces with OPIS, a brand that is trusted across the fuel supply chain for its market-leading news, data and analysis, presents an amazing opportunity to scale our technology and impact. Today marks the start of an exciting new chapter and we are confident that the team will flourish as part of OPIS and the wider Dow Jones organisation and continue pushing forward with innovation,” added Frodi Hammer, A2i founder and CEO.
Headquartered in Odense, Denmark, A2i has a strong track record of growth and a broad geographical footprint across Europe and North America. With this acquisition, OPIS will diversify and strengthen its suite of offerings for retail customers, where market demand for pricing, analysis, and forecasting is growing rapidly.
