Company News Summary | 16 May 2018

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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.

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