Company News Summary | 16 May 2018
Click the print icon in your browser to print this report. Currency is in AUD unless otherwise specified
Computershare Announces to Acquire Equatex
08:27:00 | Associate analysts
Original annuncemenet:CPU to buy Equatex, a leading European share plans business
Computershare announced that it has entered into an agreement to acquire Equatex Group Holding (Equatex), an European employee share plan administration business headquartered in Zurich. The acquisition consideration is EUR354.5m to be paid on completion from existing cash and debt facilities. The acquisition is expected to be Management EPS accretive in FY2019 before the full impact of synergy benefits of US$30m p.a. Equatex has a range of scalable technologies and client solutions. The acquisition enhances the Company's Employee Share Plans client base, product suite, capabilities and position in key European markets.
|This report appeared on www.morningstar.com.au||2019 Morningstar Australasia Pty Limited|
© Copyright 2019 Morningstar Australasia Pty Ltd ABN: 95 090 665 544 ("Morningstar"), AFSL no 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").