Willis Towers To Buy Integra Capital Limited

(RTTNews) - Willis Towers Watson (WLTW), Friday said it has agreed to buy Integra Capital Limited, a Canadian investment management company.

The two companies have had a strategic alliance the last three years, with Integra Capital Limited providing portfolio management, dealer and back office services for Willis Towers Watson's Canadian Delegated Investment Solutions business.

Upon completion of the transaction, Integra Capital Limited will become a wholly owned subsidiary of Willis Towers Watson and act as a registered company with responsibility for Willis Towers Watson's Canadian Delegated Investment business.

"We're very excited to acquire Integra, especially given our successful partnership with them over the past three years. Integra has significant experience in the Canadian investment management industry and has excellent fund operational and administrative capabilities," said Kemp Ross, global head of Delegated Investment Solutions, Willis Towers Watson.

The deal is expected to close in early 2019.