Computershare buys transfer agency business

Company News

Computershare Limited (ASX:CPU) has inked a deal to buy a Canadian transfer agency business for a total cost of up to $33.9 million.
 
The software provider says it has agreed to terms to buy the assets of the Valiant Trust Company from Canadian Western Bank (TSX:CWB). 
 
CEO Stuart Irving says Computershare is excited about the opportunity to extend its services in the Canadian market. 
 
Mr Irving has also advised Computershare continues to seize acquisition opportunities in its existing verticals when they arise. 
 
Computershare reported a net profit of $21.26 million in the first half of the 2015 financial year. 

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