REG - GlobalData PLC - Acquisition of Celent

GlobalDataAnnouncement

17/12/2024 07:00

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RNS Number : 2994Q  GlobalData PLC  17 December 2024

17 December 2024

 

 

GlobalData Plc

 

Acquisition Update

 

Bolt-on Acquisition of Celent

 

 

GlobalData Plc ('GlobalData' or the 'Group'), a leading data, analytics, and
insights platform, today announces further progress in its M&A strategy.

 

Deployment of capital continues at pace following our deal with Inflexion to
support growth through a bolt-on M&A strategy. We are driving confidently
towards our target of £500m annual revenue by the end of the three-year
growth plan.

 

Today, the Group announces it has signed an agreement to acquire Celent, a
leading research and advisory firm, which is currently, part of Marsh
McLennan's Oliver Wyman Group. Completion, which is subject to certain closing
conditions, is expected to occur on 31 December 2024 and will be funded from
the Group's existing cash resources.

 

For over 20 years, Celent has helped Technology and Strategy leaders in the
Financial Services Market make faster and more informed decisions around their
technology strategies allowing them to execute at scale. This acquisition will
bring our collective expertise and talent together to create even more value
for our existing customers as well as new opportunities to serve new
customers.

 

Mike Danson, CEO of GlobalData PLC, commented: "The acquisition of Celent
represents a further complimentary acquisition, which is aligned closely to
our bolt-on philosophy. I would like to take this opportunity to welcome our
new group of highly talented colleagues and their valued customers to the
Group and wish them every success for the future with GlobalData".

 

 

 

ENQUIRIES

 

 GlobalData Plc
 Mike Danson, Chief Executive Officer        0207 936 6400
 Graham Lilley, Chief Financial Officer

 J.P. Morgan Cazenove (Nomad, Joint Broker)  0203 493 8000
 Bill Hutchings
 Mose Adigun

 Panmure Liberum (Joint Broker)              0203 100 2000
 Rupert Dearden
 Dougie McLeod

 Investec Bank plc (Joint Broker)            0207 597 5970

 Henry Reast

 Virginia Bull

 FTI Consulting (Financial PR)               0203 727 1000
 Edward Bridges                              globaldata@fticonsulting.com
 Dwight Burden
 Emma Hall

 

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