Thomson Financial Buys Technimetrics For $125 Million

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BOSTON--Thomson Financial Services last week bought Knight-Ridder's Technimetrics unit, a provider of institutional holdings data. The terms of the deal weren't disclosed, but sources close to the agreement indicate that Thomson paid $125 million for the company.

According to TFS president and chief executive officer David Flaschen, Technimetrics will be merged into Thomson's CDA Investment Technologies unit. Flaschen says the acquisition will allow CDA to leverage Technimetrics' global reach