GL TRADE has completed the acquisition of FNX in the United States and in Asia. FNX contributed turnover of 4.4 million in the first half of the year.
The acquisition was announced on 1 July 2007 of the Swiss company Infotec, which specialises in the acquisition, integration and distribution of financial information in real time.
The company posted turnover of around 10 million in 2006 and forecasts growth of close to 30 percent over the 2007 financial year.
These acquisitions will contribute to the Group’s growth, without jeopardising our 2007 target for the operating margin before amortisation of acquisition-related goodwill of close to 18 percent of turnover.