Reuters completes EcoWin acquisition
14 November 2005 | 1247 views | 0
Global information company Reuters (LSE:RTR, NASDAQ:RTRSY) today announced it completed its acquisition of EcoWin on Friday 11th November 2005, having received all necessary regulatory approvals.
The acquisition was first announced on 6th October 2005.
EcoWin is a Swedish company specialising in global macroeconomic data and analysis. Reuters acquired 100 percent of the share capital of EcoWin Holding AB for a cash consideration of $40 million plus an adjustment for cash and working capital.
EcoWin was established in 1994 and has become a leading provider of in-depth global macroeconomic time-series data. The EcoWin economic database consists of five million economic and financial time series sourced from over eight hundred primary sources, covering more than one hundred countries worldwide, as well as regional aggregates such as the Euro Zone, Europe, Africa, Americas and World.
EcoWin will be integrated with Reuters Research and Asset Management division.
EcoWin products will continue to be sold and supported by Reuters and will be re-branded as Reuters EcoWin.
The acquisition of the privately held company follows Reuters recently announced growth strategy, which includes a focus on high value content to provide greater insight and supplement the news, company information, research and analysis that Reuters currently provides.