TORONTO, November 2, 2018 — Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, announced today that it has entered into a definitive agreement to acquire Integra Capital Limited (Integra Capital), 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. They jointly serve 20 Canadian clients with CAD 6.3 billion in assets under management. 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.
The acquisition, once complete, will provide Willis Towers Watson's Canadian Delegated Investment business with its own securities registration and the provision of a more complete outsourced chief investment officer offering. The transaction is subject to customary conditions for closing, including regulatory approvals or notice of non-objection from the Canadian securities regulatory authorities. It is expected to close in early 2019.