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GlobalX confirms merger with Dye & Durham

GlobalX and Dye & Durham have officially confirmed the merger following the ACCC’s announcement that it would not oppose.

Continuing the trend of Australian technology companies being acquired by global firms, Dye & Durham has now officially acquired GlobalX for $170 million, almost a year and a half after they entered a definitive agreement and three weeks after the Australian Competition & Consumer Commission announced it would not oppose.

Welcoming the announcement, GlobalX chief executive Peter Maloney said it would offer significant value to Australian legal, property and business professionals, with strengths in different product categories to be shared across the total customer pool.

“We benefit from a shared mindset of delivering our customers with the latest technology, backed by a unique customer-centric product and service experience,” Mr Maloney said. “We’re proud of our local knowledge and market leading solutions and we’ll continue to drive this with the added firepower of a global leader.”

To read the full Lawyers Weekly article, click here.