Business
Thomson Reuters Completes Acquisition of Hugin ...
Thomson Reuters Completes Acquisition of Hugin ....
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[{"type":"text","content":"\n \n\n\n\nOslo and New York, October 15, 2009 - Thomson Reuters today announced\nit has completed the acquisition of Hugin Group BV from NYSE\nEuronext. Hugin is the leading pan-European provider of regulatory\nand news distribution services. The acquisition reinforces Thomson\nReuters commitment to serving the broad needs of investor relations\nand corporate communications professionals.\n\nHugin provides a secure, web-based communication platform that\nenables clients to electronically distribute press releases in real\ntime. Its distribution services include over 150 news wires, 152,000\njournalists in Europe, 72,500 media outlets, and thousands of\ninstitutional investors and analysts. Additionally, Hugin files\nregulatory news with 27 stock exchanges in Europe and has integrated\nsolutions to fulfil regulatory requirements in 13 European countries.\n\n\"The Hugin acquisition supports Thomson Reuters strategy to provide\nits investor and public relations clients with innovative, end-to-end\nworkflow solutions,\" said Steve Roycroft, global managing director of\nCorporate Services at Thomson Reuters. \"This acquisition not only\nbuilds on our strong position in the corporate marketplace, but\nstarts expanding our portfolio into new value-added areas.\"\n\n\"The combination of Thomson Reuters and Hugin is really powerful for\nour joint client bases,\" said Tor Bækkelund, the CEO of the Hugin\nGroup, now part of Thomson Reuters. \"By integrating Hugin's assets\nand capabilities, our clients will have the resources and backing of\na global brand and not only be able to rely on us for their\ndisclosure, compliance and communications requirements but for their\nfull corporate workflow needs.\"\n\nThomson Reuters plans to operate Hugin as part of its Corporate\nServices business, which provides more than 6,000 corporations\nworldwide with solutions across the investor relations, corporate\ncommunications, treasury and business intelligence functions. Its\nleading portfolio includes webcasting. IR website and stock\nsurveillance services, as well as workflow-based Thomson ONE\nsolutions aimed at helping corporations manage investors, develop\ntheir growth strategy, conduct detailed competitive intelligence and\nmanage their risk across the enterprise.\n\nTerms of the agreement were not disclosed.\n\nCONTACT\nYvonne Diaz\nPR Direct...