As per December 19th 2008, TreasuryMetrics has merged with Treasury Services by means of a takeover of TreasuryMetrics by Treasury Services. Through the merger, all the rights and obligations of TreasuryMetrics have been taken over by Treasury Services. For our valued customers nothing will change. Contact persons, contact addresses and the helpdesk function for our software will remain as it was.
The reasons for the merger were:
The activities of both entities follow each other naturally. After the merger, Treasury Services will be able to offer total Treasury solutions to its customers via the combination of Consultancy & Advice, Implementation Assistance, Education & Training, Interim Management, Financial Engineering solutions and Software solutions. This all can now be offered though one single entity. Further, the combination of our expertise in the area of Treasury, Applied Mathematics, Information Technology and Accounting, together with the long lasting international experience of our people, will supply us with unique competitive advantages.
After the merger, Treasury Services will have a solid balance sheet with a significant equity position. We will be able to show to existing and potential customers that Treasury Services is a solid organisation and we will be able to underline our determination to make Treasury Services a reliable and leading “Total Treasury Solutions Provider” within Europe. The “Kempen”, the area of our roots, demonstrated to be an excellent central basis.
Through the merger, we will be able to invest further in Treasury Services so that we can expand our organisation, and if required, we can finance this completely with our existing liquidity position. The financial crisis, which expanded further in 2008, has made us decide to remain completely independent of external financing suppliers. Being Treasury specialists, we did not neglect to manage our own balance sheet and equity position.