TMX Group Closes Acquisition of VettaFi

Canadian exchange operator TMX Group Limited (TMX Group) announced that it has completed the acquisition of the remaining approximately 78% of the common units of VettaFi Holdings LLC (VettaFi), a leading US-based, indexing, digital distribution, analytics, and thought leadership company, less than one month after the announcement of the transaction​.

According to TMX Group, this acquisition is expected to accelerate its long-term global expansion, and increase the proportion of revenue derived from the Global Solutions, Insights, and Analytics segment and from recurring sources. The addition of VettaFi increases the depth and value of data-driven insights TMX Group provides to clients, expands the company's digital capabilities and expertise, and enriches TMX Group's industry-leading support for ETF issuers.

The deal between the two companies began in January 2023 when TMX made a strategic investment of $175 million, acquiring approximately 22% of the common units in VettaFi.