Reed agrees £343m deal for Accuity

Publisher Reed Elsevier yesterday said it had entered into an agreement to buy Accuity Holdings for £343 million in cash.

By The Newsroom

Published 26th Sep 2011, 23:59 BST

Reed said US firm Accuity, which provides an online data service for monitoring banking and payment transactions, is highly complementary to existing subsidiaries Bankers’ Almanac and the financial services business of LexisNexis Risk Solutions.