GlobalData Regulatory News (DATA)

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".

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