OneVue has moved to merge with Diversa.
The two publicly-listed companies announced to the Australian Securities Exchange (ASX) today that they had entered into a Scheme of Implementation Deed under which OneVue will acquire all of Diversa's ordinary shares.
The ASX announcement said the merger would bring together two businesses with a shared vision of capitalising on growth in the superannuation services market.
It said the proposed Scheme was anticipated to be implemented by late September.
Commenting on the transaction, OneVue managing director, Connie Mckeage said OneVue was Australia's largest provider of outsourced unity registry services and Diversa was Australia's leading independnet retail superannuation trustee.
"Combining the two organisations creates a significant financial services footprint," she said.