India, Oct. 22 -- London Stock Exchange Group plc (LSEG.L), the provider of financial market infrastructure, Thursday announced that it has agreed to acquire Octus, a provider of credit intelligence, data and workflows for $3.535 billion in cash.
With this acquisition, LSEG hopes it will transform its presence in credit and private market data, creating a leading proposition in these high-growth areas.
The transaction is expected to be neutral to Adjusted EPS in the first full year and accretive thereafter and immediately accretive to LSEG's Data & Analytics organic revenue growth.
The deal will be financed by external debt.
Octus is headquartered in New York City and has over 900 employees, 750 customers and more than 40,000 individual...