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 Info-Tech - Mergers & Acquisitions
Financial Tech buys 90% in UK co

Mumbai, Oct. 15

Financial Technologies group has acquired 90 per cent stake in UK-based collateral management services provider ACE Group for a consideration of $22.5 million. ACE has provided collateral management and other credit support services across 2,000 different warehouses in more than 50 countries, FTL said in a communiqu‚ to the NSE. The buy further strengthen our robust portfolio of technology IP-based solutions for global financial markets, said Mr Dewang Neralla, Financial Technologies Co-Founder and Director. - Our Bureau

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