Computershare acquires R&T in $US37.3 million deal

Computershare acquires R&T in $US37.3 million deal

R&T has about 860 issuer clients and $US19 million in annual revenues

Melbourne-based Computershare has acquired Register and Transfer Company in a $US37.3 million deal.

According to Computershare, it acquired the US transfer agency company, which also provides, proxy advisory and printing services in the US.

"The maximum cash consideration is $US37.3 million and up to up to $US1.9 million of the purchase price is contingent on revenue retention measures," the statement said.

"The transaction will be immediately management EPS accretive."

R&T has around 860 issuer clients, and combined with its other services has about $US19 million in annual revenues.

Computershare expects to achieve synergies consistent with those achieved with previous transactions of a similar nature.

Computershare chief executive, Stuart Crosby, said, "Given our considerable experience integrating businesses like R&T, we look forward to providing R&T customers with a seamless transition and the high levels of service our existing client base enjoy.

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Tags Computersharechief executiveStuart CrosbyRegister and Transfer Company

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