Ocorian acquires Intruad and Intruma, extending its international corporate services across Luxembourg and into the Netherlands09 Oct 2017
Ocorian is pleased to announce that it has entered into a definitive agreement to purchase independent affiliates Intruad Management Services, Amsterdam and Intruma Corporate Services, Luxembourg, corporate service providers of company incorporation, management and administration.
As part of Ocorian's continuing expansion, this acquisition will extend Ocorian's international reach and corporate services offering into the Netherlands, while growing its Luxembourg proposition. All management and staff from each location will join the combined operation. The transaction is expected to close towards the end of 2017, subject to regulatory approvals. Terms of the agreement are not being disclosed.
Nick Cawley, CEO of Ocorian stated: “This transaction will enable the continued growth and development of Ocorian's corporate services offering, while extending our international presence into the Netherlands."
He continued: "As we continue to extend Ocorian's global footprint, our position as a leading independent provider of Corporate, Alternative Investment and Private Client services is considerably strengthened."
Maarten van de Vaart, Managing Partner of Intruad and Intruma said: "We are excited about joining Ocorian, which we believe is an excellent fit with our business in terms of culture and quality. "This transaction provides significant advantages to both our clients and staff; extending our service capability to clients into additional jurisdictions whilst providing opportunities for staff to develop their careers."