abrdn completed the acquisition of the healthcare fund management capabilities of Tekla Capital Management.

abrdn, an investment company, completed the acquisition of the healthcare fund management capabilities of Tekla Capital Management, a registered investment adviser. Financial terms were not disclosed. “We have been clear that we will continue to invest in opportunities where we see capabilities that we need and that offer compelling value, and this acquisition strongly meets our criteria. Tekla is a leader in a field that offers compelling long term growth prospects, supported by demographic trends and the growing role of technology in healthcare. With £2.6bn ($3.1bn) AUM, resilient revenue dynamics, and deep expertise in a market with attractive structural drivers, this deal represents another important step forward for our Investments business,” Stephen Bird, abrdn CEO.