Menu
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.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Computersharechief executiveStuart CrosbyRegister and Transfer Company

Show Comments