Reed Elsevier Announces Definitive Agreement to Acquire Accuity
Reed Elsevier has entered into a definitive agreement to acquire the entire issued share capital of Accuity in a £343m cash deal.
Accuity is an online data business with subscription-based revenues; it has offices across the US and in the UK, and provides solutions to the banking financial services, corporate and government communities. Accuity has over 300 staff and is based in Skokie, Illinois,US.
Reed Elsevier, through Reed Business Information’s Bankers’ Almanac, is a provider of banking intelligence and online banking data to financial services sector customers predominantly outside the US. Accuity will be integrated with Bankers’ Almanac and will share the combined data assets with LexisNexis Risk Solutions. The chief executive officer (CEO) of Accuity is joining Reed Elsevier to run the enlarged business within the data businesses of Reed Business Information when the deal closes.