Access Holdings has successfully acquired Megatech Insurance Brokers Limited, marking a strategic move to broaden its services and foster growth opportunities.
Gatekeepers News reports that Sunday Ekwochi, the secretary of Access Holdings, revealed the acquisition through a corporate filing on the Nigerian Exchange Limited (NGX) on Monday.
Access Holdings said the transaction received all necessary regulatory approvals.
“The acquisition of the company complements Access Holdings bouquet of product offerings in pursuit of its vision of building globally connected community of ecosystems inspired by Africa for the world,” Access Holdings said.
“In this regard, Megatech will strive to create a world where risk is efficiently managed so that we can confidently seek and seize opportunities for growth.”
Herbert Wigwe, the Group Chief Executive Officer (CEO) of Access Holdings, emphasised that the acquisition represents a natural progression in the company’s evolution toward a globally connected community and ecosystem.
“It also aligns with our mission to build and sustain one global platform, open for anyone to join where people can be connected to exceptional opportunities,” Wigwe said.
“The company will design and provide intelligent solutions that mitigate the unique risks faced by individuals and business in an ever-changing world using leading risk management tools and governance standards.”
In a related development, Access Holdings had previously disclosed on January 8, 2023, that its subsidiary, Access Bank, successfully concluded the acquisition of African Banking Corporation Zambia Limited, also known as Atlas Mara Zambia.
