Reuters today announced it acquired Lipper Analytical Services, which tracks U.S. and global mutual funds, for an undisclosed amount.
Michael Lipper will continue as chairman of Lipper Analytical and also will retain ownership of his other businesses, Lipper Analytical Securities Corp., Lipper Advisory Services and Lipper Consulting Services, which are not part of the deal with Reuters.
Reuters plans to combine the Lipper acquisition with three recent European acquisitions: HSW, Bopp and Citywatch, a statement from Reuters said. It is also pursuing other fund initiatives in Asia. Simon Thomson, marketing director Reuters, Europe, Middle Asia and Africa, will become CEO of Lipper Analytical.
