By Dosu Deborah Oluwatimilehin (SIWES student, Adeseun Ogundoyin Polytechnic Eruwa)
Access Holdings Plc has successfully obtained regulatory approvals for its acquisition of Megatech Insurance Brokers Ltd, marking a strategic move to enhance its presence in the insurance sector.
The transaction is slated to close in the coming weeks, subject to standard closing conditions, reinforcing Access Holdings’ position as a leading financial services provider.
In an announcement at the Nigerian Exchange Ltd (NGX) in Lagos, Mr. Sunday Ekwochi, the company secretary of Access Holdings Plc, revealed the approval of the acquisition by relevant regulatory bodies.
The successful negotiation and due diligence process between the two companies are expected to yield significant synergies and foster growth.
Mr. Ekwochi articulated that the acquisition aligns with Access Holdings’ overarching strategy to broaden its footprint in the financial services sector, offering an expanded range of products and services.
Emphasizing a commitment to exceptional customer service, he expressed enthusiasm for future opportunities to expand operations and business growth.
Highlighting the benefits of the acquisition, Mr. Ekwochi outlined the added value to Megatech, ensuring the continued provision of top-tier risk management solutions.
The collaboration aims to achieve shared goals and uphold a commitment to innovation and customer service excellence.
Expressing satisfaction with the regulatory green light, Mr. Ekwochi affirmed that the acquisition positions Access Holdings as a key player in the financial services industry.
He conveyed excitement about the mutual opportunities for growth and innovation, reinforcing the organization’s readiness to capitalize on Nigeria’s expanding insurance market.
Mr. Ekwochi underscored the broader positive impact, stating that the acquisition not only benefits the involved entities but also contributes to the growth of the Nigerian insurance industry, fostering economic development.
He concluded by reiterating the commitment to a seamless transition, maintaining high standards of customer service and business integrity throughout the integration process.
