July 08, 2021 - 6:37 AM
TORONTO - Cloud-based software and technology company Dye & Durham Ltd. says it has acquired TM Group (UK) Ltd. for approximately $156 million.
Tmgroup provides online services for residential and commercial real estate transactions in England, Wales and Scotland.
Dye & Durham chief executive Matt Proud says the deal will help grow its business in the United Kingdom.
The company says the transaction will be financed with cash on hand.
The deal follows an acquisition by Dye & Durham of GlobalX Information Pty Ltd. in Australia for $159 million earlier this month.
GlobalX provides services and software, including online property and business regulatory information, to law firms, financial institutions and other clients.
This report by The Canadian Press was first published July 8, 2021.
Companies in this story: (TSX:DND)
News from © The Canadian Press, 2021