OMX’s acquisition of Computershare Markets Technology completed

OMX, a leading expert in the exchange industry, has signed a definitive contract to acquire Computershare’s Markets Technology business. Now, with over 60 exchanges, clearing organizations and Central Securities Depositories (CSDs) using OMX solutions in more than 50 countries, OMX is the leading provider of technology solutions for the world’s marketplaces.

The acquisition is an important step in the implementation of OMX’s strategy of focusing and growing its business in the marketplace segment covering exchanges, clearing organizations and CSDs. Key benefits include:

· Creating new opportunities for customer business improvements as the solution portfolios complement each other, e.g. new products, outsourcing and advisory services.
· Strengthening OMX’s solutions portfolio with a suite of advanced financial markets systems and extending the customer base to over 60 marketplaces worldwide, creating new sales opportunities.
· Combining two complementary development teams, each with significant industry expertise and competence in aligned areas. This will allow the combined entity to focus on research and product development in the most important and fastest growing areas of the exchange technology market, both from an investment and a client perspective.

Commenting on the acquisition Magnus Böcker, President and CEO of OMX, said: “We are glad to welcome our new colleagues from Computershare Markets Technology. Their operations are well-suited to our focused drive to be the world’s number 1 provider of marketplace solutions to exchanges, clearing organizations and CSDs.”

OMX acquires the operations by paying approximately SEK 250 m to Computershare, in the form of purchase price and license payments, of which, SEK 90 m is to be paid upon the implementation of the transaction and the remainder evenly distributed over a period of five years. For the 12-month period July 2004 through June 2005, the operation reported revenues of approximately SEK 100 m. Based on the level of operations in 2005, OMX estimates that the acquisition will add approximately SEK 25 m in operating income on a yearly basis, including immediately realized cost synergies but excluding transaction-related depreciation. The transaction is expected to generate cost and revenue synergies and an immediate positive contribution to earnings. Computershare Markets Technology’s operations will be consolidated into OMX’s accounts from February 1, 2006.

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