Investis has continued its expansion drive with the acquisition of Alert IR, the Swedish provider of corporate and financial websites, IR Magazine can reveal.
The takeover is the second by Investis this summer, after its purchase of London-based Global3Digital at the start of August, and follows an expansion into the US market during 2013.
The latest move hands Investis roughly 100 new clients, including many of the largest companies listed in Stockholm, significantly boosting its presence in the Nordic region.
‘Alert IR is a great company with an excellent reputation for delivering high quality products and services in Sweden, which together with our existing leading position in Finland, reinforces our Nordic position,’ comments Helen James, CEO of Investis, in a statement.
The deal will enable Alert IR to ‘continue expanding across the Nordic region,’ says Jonas Winzell, managing director of the Stockholm-based firm. ‘Investis is the best buyer of our company when it comes to economies of scale in the product offering and the understanding of first-class customer support,’ he adds.
Investis began its recent run of acquisitions two years ago when it completed the purchase of Morningstar Investor Relations Services, formerly known as Hemscott IR. At the same time, the provider of IR websites, online reporting and other digital communications tools announced a £25 mn ($42 mn) management buyout backed by Gresham Private Equity, which saw James take over as CEO.
For now Investis will retain the Alert IR brand with a final decision on its future still to be made.
