OMX Plans Acquisition Of Computershare's Markets Technology Business For SEK 250 Million

OMX intends to acquire Computershare's Markets Technology business for approximately SEK 250 million, to be paid out over a five year period. Computershare now has more than 30 exchange and CSD customers, including Swiss Exchanges (SWX), and is one of

By None

OMX intends to acquire Computershare’s Markets Technology business for approximately SEK 250 million, to be paid out over a five year period.

Computershare now has more than 30 exchange and CSD customers, including Swiss Exchanges (SWX), and is one of the largest players in the exchange technology market.

Under the terms of the letter of intent, OMX will acquire Computershare’s markets technology business by paying approximately SEK 250 million to Computershare in purchase consideration and licensing fees, of which SEK 90 million at completion and the remainder evenly distributed over a five year period.

OMX and Computershare have agreed to establish an alliance, initially targeted at providing services for issuers in the Nordic markets, and to cooperate on providing consulting services on market infrastructure issues. Through their complementary offerings, share registry and technology solutions, they will collaborate on the provision of integrated services to the providers of clearing, settlement and depository services.

The final agreement is expected to be signed in December and the transaction, which is subject to necessary approvals and customary conditions, is expected to be concluded by year-end and the business consolidated by OMX as of January 1, 2006.

«