TMX Group Inc. has completed the acquisition of NetThruPut Inc. (NetThruPut) from Enbridge Inc. and Circuit Technology Ltd., TMX said Friday.

NetThruPut is a leading Canadian electronic platform and clearing facility for physical crude oil products.

“Energy trading and clearing are important and growing aspects of our increasingly diversified business and we are very excited about the opportunities that this acquisition provides,” says Tom Kloet, TMX CEO.

In September 2007, TMX announced that it had acquired the option to acquire NetThruPut, and on April 1, 2009, the company exercised the option.

The final purchase price was $52.2 million, which is comprised of $22.6 million in cash and the issuance of 880,000 TMX Group common shares.

Peter Krenkel, president of NGX, a wholly owned subsidiary of TMX that trades and clears natural gas and electricity contracts adds: “We have already begun to execute on the integration plan. Our ultimate goal is to consolidate NetThruPut’s physical energy transaction and clearing activity onto a single facility, which will provide customers who trade in multiple commodities with significant capital efficiencies.”

IE