Source to be acquired by Invesco Limited
Source to be acquired by Invesco Limited. I am delighted to announce that Invesco Ltd, the global independent investment manager and the fourth largest ETF provider globally, has entered into a definitive agreement to acquire Source. The combining of Source with Invesco PowerShares ETFs will further enhance our ability to help clients meet their investment objectives. The fit between Source and Invesco PowerShares is exceptionally complementary in terms of product range, a shared focus on clients and a history of innovation. The combined business will be a true leader in the ETF market across Europe and its target markets.
Subject to regulatory approval, we expect the acquisition to complete in Q3 2017, and whilst we will now begin planning for our combined organisation, we remain focussed on our clients and new product innovation. We will keep you updated with developments as we plan to bring Invesco PowerShares and Source together, and will make information available at www.SourceETF.com over the coming months.
We are very proud to have built Source into one of Europe’s most competitive, and innovative ETF providers and look forward to the many opportunities now afforded by this transformative stage in our development. We look forward to speaking to you directly about this development, but should you have any questions in the meantime then please do not hesitate to contact us.