Swiss and Spanish Exchange Group SIX has acquired ULTUMUS, the international index and ETF data specialist.
The company was previously owned by ETFS Capital, an investment firm focused on growth opportunities across the investment ecosystem.
The global ETF industry is expected to reach record assets of US$9 trillion by the end of Q2 2021.
The acquistion of ULTUMUS, long-time partners with SIX on the index-business side, enhances its data offering for the fast-growing global ETF market.
Martyn James, Managing Director, ETFS Capital said: “We are proud to have been part of the ULTUMUS story and to have supported Bernie and the team in their journey from pitchbook to leading market data pioneer. We wish them every future success and are excited to see how they develop as part of SIX in taking the business to the next level.”
Bernie Thurston, CEO, ULTUMUS said: “On behalf of myself and the team, I want to thank the ETFS Capital team for all their support and guidance as we built ULTUMUS into a global business. As their first investee company we learned a lot along the way and they have worked with us throughout to ultimately enable this next step. We are excited by the opportunities ahead and what we can accomplish by now being part of SIX.”
Financial terms of the transaction were not disclosed.