TORONTO — Canadian cloud-based software and technology company Dye & Durham Ltd. says it has signed a deal to buy Link Administration Holdings Ltd. of Australia for $3.2 billion.
The Toronto-based company says the acquisition expands its customer base in key U.K. and Australian markets and strengthens its business-to-business software and information service solutions.
As part of the deal, Dye & Durham will also indirectly acquire Link Group's roughly 43 per cent stake in PEXA Group Ltd., which operates a digital property exchange network in Australia.
Matthew Proud, CEO of Dye & Durham, says the acquisition will enable the company to expand its model into adjacent markets and broaden its product suite for existing clients.
The deal comes shortly after the company announced plans to buy Telus' financial solutions business for $500 million.
Earlier this year, the company acquired TM Group (UK) Ltd. for about $156 million and GlobalX Information Pty Ltd. of Australia for $159 million.
This report by The Canadian Press was first published Dec. 22, 2021.
The Canadian Press
