Home Broker News Guru Group Strengthens FX Prospects with ETX Group Acquisition

Guru Group Strengthens FX Prospects with ETX Group Acquisition

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Switzerland based, Guru Capital, has agreed terms with U.K based JRJ Group for the acquisition of ETX Group, a provider of multi-asset CFDs and spread betting products. The two are yet to disclose terms of the transaction. The transaction should close before the end of the year, subject to regulatory approval.

Guru Group-ETX Group Merger

ETX Group has established itself in the forex industry through its parent company Monecor Limited incorporated in 1965. Likewise, it’s been on an expansion trail since launching operations in Germany and South Africa in 2010. In 2013, it expanded its operations with offices in Greece, Spain, and Denmark as part of an international expansion spree.

A merger with Guru Capital should allow ETX Group to grow its business further while offering the best in class CFD and spread betting business. ETX Group has so far invested in acquisitions and technology in a bid to strengthen its prospects in the forex industry.

A merger should allow ETX Group to enhance its offerings, given that Guru Group boasts of substantial experience in the CFD space. Likewise, CEO, John Wilson, expects the merger to result in extensive opportunities for existing as well as future clients and employees.

“We are grateful of JRJ Group’s support, and we look forward to growing the business with the Guru Capital team, who has substantial experience in the CFD sector,” said Mr. Wilson.

Guru Group Ambitions

The acquisition is part of the Guru Group push to enhance its opportunities in the EMEA and APAC regions. The company is especially looking to acquire companies with a special focus on FX and CFD brokerage, asset management, and Fintech.

Guru Capital, a private equity firm, is currently focused on providing advisory services to investment funds. Similarly, it offers strategic investment opportunities within the financial services industry. It is currently managed by two partners Luca Merolla and Ryan Nettles, with over 30 years of combined experience within the financial services and fintech industry.

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