Alpha FMC completed the acquisition of Axxsys for $11m.

Alpha FMC, a global provider of specialist consultancy services to the asset and wealth management industry, completed the acquisition of Axxsys, a consulting company, for $11m. "This acquisition delivers exceptional value for both organisations, and demonstrates our focus on continuing Alpha's growth through highly selective acquisitions, as well as via continued organic expansion. Axxsys brings a range of service propositions and skillsets which are complementary to Alpha. This transaction, which was agreed at an attractive valuation, also strengthens the Group's global platform for servicing clients in Europe, particularly the Nordics, and North America, with additional offices in Denmark and Canada, and creates a strategic growth opportunity," Euan Fraser, Alpha's Global CEO.