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Cytec Announces Acquisition of Howells Associates
The acquisition combines Cytec's 25 years of SaaS experience with Howells' UK share plan expertise to broaden services and increase operational capacity.
Cytec Solutions Limited announced it acquired Howells, a UK provider of employee share plan administration, to expand its corporate governance services.
Combining software expertise with Howells' service capabilities, Cytec has delivered SaaS solutions for over 25 years, enhancing its market position.
Shervin Binesh, CEO of Cytec Solutions, said 'This acquisition marks an important step in our growth strategy', emphasizing the deal's strategic importance for Cytec.
Both companies said service continuity will be maintained during the transition and integration period, ensuring clients experience uninterrupted service, according to recent announcement.
The deal positions the combined company to expand its market role, as Cytec and Howells have built extensive expertise over decades, cementing their position in corporate governance markets.