Morningstar Sustainalytics has acquired Aquantix, a Montreal-based technology company that develops and provides property-level climate risk data services for the real estate and mortgage industries.

Financial terms of the transaction were not disclosed, a spokeswoman said in an email.

Aquantix models “quantify the impacts of climate change” on half a billion residential and commercial assets in 180 countries, a press release said Wednesday.

With “demand for climate-related data accelerating” among real estate investors, banks and lenders, Aquantix’s technology will enable Morningstar Sustainalytics “to help these key stakeholders assess climate-related risks in the global real estate space,” the press release reads.

“Banks, lenders and real estate asset managers need a holistic understanding of the impact of climate change on their real estate investment portfolio,” said Toby Messier, director of real estate solutions marketing at Morningstar. Sustainalytics, in the press release. “Aquantix fills this void by capturing millions of climate-related data points and providing meaningful real estate risk metrics that measure the estimated damage to assets caused by emerging climate events over various time horizons and scenarios.”

Morningstar Sustainalytics, a wholly owned subsidiary of Morningstar Inc., is an ESG research, ratings and data company.