OSLO: Infront ASA, a Norway-based financial technology company, has signed an agreement to acquire 100% of the share capital of a key local partner in the United Kingdom; NB Trader Solutions Ltd, a news release said.
The financial terms of the transaction were not disclosed.
NB Trader’s products cover a wide range a buy-side and sell-side solutions. Also, the company offers a modern Execution and Order Management System, enabling effortless management and routing of orders in a single, integrated platform.
“Infront has been present in the United Kingdom since 2015. Ever since we entered our partnership with NB Trader, we have seen improved traction and we are very pleased that NB Trader is now becoming part of the Infront Group. The acquisition of NB Trader will increase our revenue base and serve as an important catalyst for future growth in the UK,” said Kristian Nesbak, CEO of Infront
Infront offers a powerful combination of global market data, news, analytics and trading tools. With the recent acquisition of vwd Group, Infront’s product coverage also includes data and feed solutions, solutions for portfolio management and advisory, regulatory compliance as well as publication and distribution solutions. Infront is listed on the Oslo Stock Exchange.