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  6. OFX Group Acquires Firma

M&A Deal Summary

OFX Group Acquires Firma

On December 20, 2021, OFX Group acquired financial services company Firma for 90M CAD

Acquisition Highlights
  • This is OFX Group’s 1st transaction in the Financial Services sector.
  • This is OFX Group’s largest (disclosed) transaction.
  • This is OFX Group’s 1st transaction in Canada.
  • This is OFX Group’s 1st transaction in Alberta.

M&A Deal Summary
Date 2021-12-20
Target Firma
Sector Financial Services
Buyer(s) OFX Group
Deal Type Add-on Acquisition
Deal Value 90M CAD

Target

Firma

Edmonton, Alberta, Canada
Firma is a global foreign exchange service provider servicing Corporate clients with over 9,600 Corporate customers and operates from 9 offices in Canada, Australia, the UK, and New Zealand. Firma was founded in 1998 and is based in Edmonton, Canada.

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Buyer(S) 1

Buyer

OFX Group

Sydney, Australia
Category Company
Founded 1998
Sector Financial Services
Employees692
Revenue 221M AUD (2025)
DESCRIPTION

OFX Group is an online foreign exchange services provider. OFX Group was founded in 1998 and is based in Sydney, Australia.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 1 of 1
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