Computershare Limited
(ASX:CPU) is buying Canadian transfer agent Olympia Corporate and Shareholder Services assets from Olympia Financial Group.
Computershare says it’s agreed terms for the acquisition in a deal entailing a maximum cash consideration of about $44 million.
The investor services company assets to be acquired provide transfer agency, corporate trust and employee share plan services in the Canadian market.
OCSS has around 650 issuer clients, of which 339 are publicly listed companies.
Computershare, which operates in 20 countries, provides shareholder management services and employee share plan management and other equity compensation programs.
Computershare generated a net profit of $173 million in fiscal 2013.
