02-12-2014 17:44 via insuranceinsider.com

Xchanging-Agencyport integration delayed by further watchdog probe

The UK Competition & Markets Authority (CMA) has decided to
put Xchanging's acquisition of Agencyport Europe forward for a
further review, delaying the integration of the businesses by at
least six months.
The outsourcing services firm announced the CMA's intention
to investigate the takeover back in October.
Xchanging paid £64.1mn to acquire the European operations
of the US insurance software company on 4 July 2014.
As a result of the takeover, Xchanging will gain an additiona
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