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Wednesday 12 June 2019

StatPro acquires ESG research and index business

SPAIM listed StatPro, a provider of cloud-based, portfolio analysis and pricing tools for the investment industry, has announced the acquisition of ECPI for £2.6m in cash. The deal relates to the environmental, social and governance “ESG” research unit of ECPI Group Srl.

ECPI carries out ESG research and produces ratings on around 3,500 companies globally. The information is primarily used to rate companies for inclusion in a series of investment indices. The company has annualised recurring revenues of around £0.8m

As a result of the deal, StatPro will take on the Milan based employees of the ESG research unit and plans to integrate them into its existing Italian operations. StatPro expects annual revenues to remain broadly in line with previous levels and will incorporate ECPI’s revenues in its financials going forward, after the planned completion date in July 2019.

The deal is another interesting development at StatPro and reflects its improving prospects and growth ambitions. The company has been reaping the rewards of its investment in product development (see: StatPro forges ahead with cloud revolution) and has enjoyed improved margins, thanks to costs cuts following a number of other recent acquisitions.

Posted by Jon C Davies at '09:24' - Tagged: acquisition   M&A  

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