10:19:10 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Thomson Reuters Corp
Symbol TRI
Shares Issued 562,025,293
Close 2018-10-23 C$ 61.38
Market Cap C$ 34,497,112,484
Recent Sedar Documents

Globe says Thomson Reuters adds trade-flow platform

2018-10-24 07:44 ET - In the News

The Globe and Mail reports in its Wednesday edition that Thomson Reuters is buying a software platform for managing global trade flows. The Globe's James Bradshaw writes that the agreement will see Thomson Reuters acquire Integration Point for an undisclosed sum. The transaction is not considered financially material to Thomson Reuters. As global trade tensions create uncertainty for businesses, acquiring Integration Point allows clients a more robust set of services designed to streamline importing and exporting, supply chain management and compliance issues. Integration Point says it has more than 700 clients, from Adidas AG and Airbus SE to Royal Dutch Shell PLC and Tesla Inc., and processed 20 billion trade transactions in 2017. The deal also marks the first significant step Thomson Reuters has taken to build out its continuing business after closing a $17-billion deal to spin out its financial and risk division, which earns $6-billion in annual revenue, in a joint venture with Blackstone Group LP (all figures U.S.). Thomson Reuters has earmarked $2-billion in proceeds from the Blackstone deal to make acquisitions that would serve as building blocks to strengthen its two largest remaining businesses.

© 2024 Canjex Publishing Ltd. All rights reserved.