A powerhouse is being created in the global carbon markets with Xpansiv, a major platform for environmental markets, announcing Thursday it is acquiring Evolution Markets, one of the world’s​ ​largest emissions brokerages.

The acquisition of Evolution will bolster its already significant presence in the VCM, bringing the broker’s 2,000-strong customer base together with the CBL platform, which hosts both CBL’s suite​ ​of standard contracts – the GEO complex – as well as bespoke VCM deals.