International research and ratings house Morningstar has acquired Aspect Huntley.
The Morningstar acquisition was announced in a statement posted on the Aspect Huntley website, and signed by the company’s managing director, Andrew Bird, and chairman, Ian Huntley.
The statement said by joining Morningstar, Aspect Huntley believed it would be better able to combine its strengths in stock research, information and media with Morningstar’s considerable expertise in fund research and data.
In a joint media release issued on Sunday, the two companies said the acquisition had been valued at $30 million.
The chairman and chief executive officer of Morningstar, Joe Mansueto, said one of the company’s growth strategies was to expand its products and services internationally.
“The key benefit of this acquisition is the combination of Morningstar’s expertise in fund research and information and Aspect Huntley’s equity research, information, and financial media expertise in Australia,” he said.
