Stockholm-based syndicated research specialist serving finance sector provides platform for expansion in Nordic region
15th February 2008 – Taylor Nelson Sofres plc (TNS), a world leader in market information and insight, announces that it has acquired Prospera Research AB, a syndicated research company based in Stockholm and specialising in strategic surveys for the financial markets. The consideration for the acquisition has been satisfied by the allotment and issue, credited as fully-paid up, of 560,022 ordinary shares of 5 pence in TNS.
Prospera was established in 1985 and provides a range of syndicated surveys to investment banks, asset managers and law firms. The acquisition allows TNS to build its sophisticated syndicated capability in the finance industry, one of the Group’s key industry sectors, and to extend these services across the Nordic region and elsewhere in Europe. The gross assets acquired are SEK 6,021,055.
David Lowden, Chief Executive of TNS, said: “We have long enjoyed a prominent position in Sweden’s finance sector and this acquisition makes TNS the clear market leader in research for commercial banks and insurance companies. We are now ideally positioned to meet the very strong demand we are seeing, both in Sweden and the wider Nordic region, for market information services in financial markets. This move is also in line with our strategy to increase our syndicated offering and we see the opportunity to use our powerful European network to take these services across the region.”
Per Bostrom, Managing Director of TNS Gallup Sweden, said: “This highly specialised and successful business is run by a talented management team and we are delighted that one of the founders, Agneta Elvesdtedt, will continue as Managing Director of TNS Prospera. The business has the reputation as the leading syndicated market information company in the Nordic financial markets and enjoys strong brand awareness among its customers and throughout the wider financial community.”