JMH Financial Services Group Acquires Demica
The JMH Financial Services Group said its recommended offer to acquire Demica plc has now been declared unconditional. ‘The acquisition of Demica will further strengthen the Group’s position as the leading independent provider of liquidity management solutions,’ said a statement from JMH. The acquired company to be known as JMH Demica will retain its full customer support infrastructure based near the City of London. The senior management team will continue to be led by Chief Executive, Tim Nicolle and Chief Operating Officer, Simon Creed. Stephen Gunning, President of JMH Financial Services commented, ‘Demica has a range of proven technologies that enable companies to gain valuable competitive advantages in their markets. These technologies are complementary to our existing corporate treasury outsourcing business, JMH Treasury – and bringing these groups together significantly extends the reach and scope of solutions that we provide.’ The JMH Financial Services Group is a division of J.M. Huber Corporation, one of the largest privately held companies in the United States.