FDCTech / Alchemy Group 2023
FDCTech acquired Alchemy Prime Limited and Alchemy Markets Limited for $9M on November 30, 2023.
- Target
- Alchemy Prime Limited and Alchemy Markets Limited
- Acquirer
- FDCTech
- Deal value
- $9M
- Announced
- November 30, 2023
- Sub-sector
- Capital Markets Tech
Transaction overview
- FDCTech announced the acquisition of Alchemy Prime Limited and Alchemy Markets Limited on November 30, 2023 for $9M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Acquire regulated brokerages and trading infrastructure to expand fintech platform across European, Asian, and Australian markets; integrate legacy systems into proprietary technology for cost synergies.
Deal terms & multiples
Frequently asked questions
How much did FDCTech pay for Alchemy Prime Limited and Alchemy Markets Limited?
FDCTech acquired Alchemy Prime Limited and Alchemy Markets Limited for $9M, announced on November 30, 2023.
When did FDCTech announce the acquisition of Alchemy Prime Limited and Alchemy Markets Limited?
FDCTech announced the acquisition of Alchemy Prime Limited and Alchemy Markets Limited on November 30, 2023.
What sub-sector is Alchemy Prime Limited and Alchemy Markets Limited in?
Alchemy Prime Limited and Alchemy Markets Limited is tracked in the Capital Markets Tech sub-sector.
Sources
- finance.yahoo.com /news/fdctech-provides-updates-definitive-agreement-213500175.html