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  5. Ebix Acquires Weizmann Forex

M&A Deal Summary

Ebix Acquires Weizmann Forex

On January 2, 2019, Ebix acquired financial services company Weizmann Forex for 66M USD

Acquisition Highlights
  • This is Ebix’s 5th transaction in the Financial Services sector.
  • This is Ebix’s 5th largest (disclosed) transaction.
  • This is Ebix’s 11th transaction in India.

M&A Deal Summary
Date 2019-01-02
Target Weizmann Forex
Sector Financial Services
Buyer(s) Ebix
Deal Type Add-on Acquisition
Deal Value 66M USD

Target

Weizmann Forex

Mumbai, India
Weizmann is an Omni-channel exchange that offers a variety of Foreign exchange, outward & inward money remittance, and travel insurance products across the length and breadth of India. Weizmann Forex is the second largest inward remittance provider besides being one of the four largest Foreign exchange & outward remittance providers in India.

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Buyer(S) 1

Buyer

Ebix

Johns Creek, Georgia, United States
Category Company
Founded 1976
Sector Internet Software and Services
Employees10,030
Revenue 1.1B USD (2022)
DESCRIPTION
Entrance to Ebix's headquarters in Johns Creek, Georgia.
Entrance to Ebix's headquarters in Johns Creek, Georgia.

Ebix is a provider of software and e-commerce solutions to the insurance industry. Ebix was incorporated in 1976 and is based in Johns Creek, Georgia.

DEAL STATS #
Overall 30 of 32
Sector: Financial Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 24 of 26
Country: India M&A 11 of 13
Year: 2019 M&A 1 of 3
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Routier

Noida, India

Routier is a provider of an online cloud based logistics marketplace for trucking logistics. Routier is based in Noida, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Lawson Travels & Tours

Mumbai, India

Lawson Travels & Tours is a provider of B2B clients and international ticketing services. Lawson Travels & Tours was founded in 1991 and is based in Mumbai, India.

Buy -
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