REG - GlobalData PLC - Completion of TS Lombard Acquisition

GlobalDataAnnouncement

02/09/2022 07:00

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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)                0207 260 1000

 Nick Westlake

 Iqra Amin

 FTI Consulting (Financial PR)                  0203 727 1000
 Edward Bridges
 Rob Mindell
 Dwight Burden

 

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