10117 Berlin, de
+44 (20) 7542-2615
Thomson Reuters Completes Acquisition of Hugin Group BV from NYSE Euronext
Hugin provides a secure, web-based communication platform that enables clients to electronically distribute press releases in real time. Its distribution services include over 150 news wires, 152,000 journalists in Europe, 72,500 media outlets, and thousands of institutional investors and analysts. Additionally, Hugin files regulatory news with 27 stock exchanges in Europe and has integrated solutions to fulfil regulatory requirements in 13 European countries.
"The Hugin acquisition supports Thomson Reuters strategy to provide its investor and public relations clients with innovative, end-to-end workflow solutions," said Steve Roycroft, global managing director of Corporate Services at Thomson Reuters. "This acquisition not only builds on our strong position in the corporate marketplace, but starts expanding our portfolio into new value-added areas."
"The combination of Thomson Reuters and Hugin is really powerful for our joint client bases," said Tor Bækkelund, the CEO of the Hugin Group, now part of Thomson Reuters. "By integrating Hugin's assets and capabilities, our clients will have the resources and backing of a global brand and not only be able to rely on us for their disclosure, compliance and communications requirements but for their full corporate workflow needs."
Thomson Reuters plans to operate Hugin as part of its Corporate Services business, which provides more than 6,000 corporations worldwide with solutions across the investor relations, corporate communications, treasury and business intelligence functions. Its leading portfolio includes webcasting. IR website and stock surveillance services, as well as workflow-based Thomson ONE solutions aimed at helping corporations manage investors, develop their growth strategy, conduct detailed competitive intelligence and manage their risk across the enterprise.
Terms of the agreement were not disclosed.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to email@example.com.