Financial and business services outsourcing provider Equiniti Group has acquired Killik Employee Services, a provider of discretionary employee and executive share plan administration.
The deal will expand Equiniti’s current Employee Benefit Solutions service complementing Equiniti’s existing market leading technology platform.
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This transaction will also benefit Equiniti by strengthening the global offering, especially for companies with an international operation as well as it will also support the growing Global Share Alliance partnership.
John Parker, Managing Director, Shareholder Solutions, Equiniti said: "Equiniti already manages around half of the FTSE 100 companies with respect to their share registration needs and has had a significant increase in demand to also manage companies’ employees share plans and related investment business.
"The acquisition of Killik Employee Services allows us to further extend this offering, especially in the area of executive benefits, where Killik Employee Services is a market leader," Parker added.
Martin Osborne-Shaw, managing director, Killik Employee Services, said: "Managing employee benefit solutions is increasingly technology driven and Equiniti offered us the perfect solution for our clients, both in the UK and internationally."
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By GlobalDataEquiniti already employs 2,700 workers and has offices in 23 UK locations.
