Thomson Reuters has announced that it has signed an agreement to acquire Hugin Group BV from NYSE Euronext. As part of the agreement, Thomson Reuters and NYSE Euronext will expand their strategic partnership toward offering value-added services to the issuer community.
Since its start in Oslo, Norway in 1995, Hugin has built its position as a pan-European provider of investor relations and press distribution services and currently helps over 1,700 companies to meet their communications and disclosure obligations. In recent years, Hugin has introduced solutions for the newly implemented EU regulatory framework and continues to develop innovative technology and workflow solutions for IR and PR professionals for the global market.
The proposed acquisition of Hugin is aligned with Reuters’ strategy to provide its corporate clients with more effective decision-making tools across the investor relations and public relations workflows. The transaction is expected to be completed in the fourth quarter of 2009, subject to customary regulatory approvals. Terms have not been disclosed.