S&P Global (SPGI) said Tuesday it has agreed to acquire a majority stake in Agusto & Co., a Pan-African rating agency with operations in Nigeria, Kenya, Rwanda and Ghana.

Financial terms were not disclosed.

After completion of the deal, expected in H2, Agusto will operate as a separate ratings entity and issue its own credit ratings and methodologies in accordance with applicable regulatory requirements, S&P Global said.

The acquisition is not expected to have a material impact on the financial results of S&P Global or S&P Global Ratings, the company said.

Separately, S&P Global said it has agreed to acquire datacenterHawk, a provider of proprietary intelligence for the global data center, fiber optic and related infrastructure markets.

Financial terms of the transaction, also expected to close in H2, were not disclosed and are not expected to have a material impact on the results of S&P Global or the S&P Global Energy division, the company said.

S&P Global shares were 3.5% lower in premarket trading.