Computershare to buy Equatex - a European share plans business
Olten (ots)
Computershare Limited (ASX:CPU) has recently announced that it has agreed terms to acquire Equatex from Montagu Private Equity, subject to regulatory approvals.
Equatex is a Zurich based employee share plans administrator with a strong business across Europe. Equatex's 220+ employees provide a range of employee share plans administration solutions for over 160 clients, covering around 1.1 million plan participants in 168 countries and administering around USD 40 billion in assets. Equatex is an expert in managing deferred equity compensation plans for global businesses, with clients across all major industries including financial services, healthcare, industrial, pharmaceuticals, energy and IT.
All employees are expected to transfer to Computershare as part of the acquisition, which is expected to complete within six months.
"We're delighted to have signed this contract today and look forward to welcoming Equatex's experienced and dedicated staff to the company later this year", said Naz Sarkar, CEO of Computershare's United Kingdom, Channel Islands, Ireland and Africa region. "We are confident this acquisition will deliver enhanced service opportunities for both Equatex and Computershare clients over the coming years and are especially pleased to benefit from the wealth of knowledge and expertise that Equatex has across Europe, which will perfectly complement our well-established UK footprint."
While regulatory approvals are sought, it is business as usual for both companies, as we continue to deliver the same high standard of service that our clients rightly expect.
Notes
1. For high resolution images of spokespeople, visit http://cpu.vg/spokespeople.
About Computershare Limited (CPU)
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialise in corporate trust, bankruptcy, class action and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organisations use us to streamline and maximise the value of relationships with their investors, employees, creditors and customers.
Computershare is represented in all major financial markets and has over 16,000 employees worldwide.
For more information, visit www.computershare.com
For any media enquiries:
Lucy Newcombe
Corporate Communications Director
+44 (0)870 7030041
lucy.newcombe@computershare.com