Completion of TS Lombard Acquisition

RNS Number : 0272Y

GlobalData PLC

02 September 2022

 

2 September 2022

GlobalData Plc

(AIM: DATA, GlobalData, the Group)

Completion of TS Lombard Acquisition

GlobalData Plc, the leading provider of industry intelligence, is pleased to announce that the acquisition of TSL Research Group Limited ("TS Lombard"), a leading economic research firm, has now completed.

TS Lombard provides global economic and political research to businesses and financial markets clients across the globe, with a particular strength in China and emerging markets. The acquisition provides GlobalData with further access to sell its full product suite to the asset management industry.

In addition to the recent acquisition of Media Business Insight, which provides intelligence and information for the media and marketing industries, TS Lombard will be integrated onto the GlobalData platform over the coming months. TS Lombard brings a strong team of research analysts and economists with on-the-ground networks and insights from cities across developed and emerging markets.

With completion of the TS Lombard acquisition, together with continued strong performance across the Group, the Board of GlobalData remains confident of delivering against recently updated market expectations.

Mike Danson, Chief Executive Officer of GlobalData Plc, commented:

"I am very pleased to welcome new colleagues from TS Lombard to GlobalData. In economic climates such as the environment facing international corporations and the global asset management industry, the intelligence and insight offered by businesses such as ours becomes even more valuable. With TS Lombard, we have taken a significant step in boosting our expertise and the product that will be available via the GlobalData platform. It's an investment that drives our high retention rates through economic cycles and provides our business with added resilient growth.

With new financing agreed earlier in the year to fund future M&A, we have the capacity to deliver on more strategic value-enhancing M&A that benefits all stakeholders - customers, employees, investors and partners across the globe."

Nicholas Mather, Chief Executive Officer of TS Lombard, commented:

"It is hugely exciting to be joining the GlobalData organisation, bringing our highly complementary skillset and customer relationships as well as presenting GlobalData industry expertise to our asset management clients. The impact and importance of the GlobalData Intelligence Centre is more evident now than ever before, and the appetite for accurate economic and political risk assessment has never been greater. The scale of the opportunity at Global Data is a real attraction for our team. With a unique position in the industry for business intelligence, there is significant added-value that we can deliver as part of the enlarged Group."

ENDS

ENQUIRIES

GlobalData Plc
Mike Danson, Chief Executive Officer	0207 936 6400
Graham Lilley, Chief Financial Officer
J.P. Morgan Cazenove (Nomad and Joint Broker)	0207 742 4000
Bill Hutchings
Mose Adigun
Panmure Gordon (Joint Broker)	0207 886 2500
Erik Anderson
Alina Vaskina
Numis Securities (Joint Broker) Nick Westlake Iqra Amin	0207 260 1000
FTI Consulting (Financial PR)	0203 727 1000
Edward Bridges
Rob Mindell
Dwight Burden

 

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