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International Holding Company (IHC)’s Sirius International Holding acquired diversified business group Derby Group for an undisclosed sum, Wam reports. The move comes as part of the investment firm’s efforts to scale digital solutions globally, focusing on digital integrations and implementations.
Sirius will integrate Derby’s services and infrastructure to deepen its capabilities across its subsidiaries involved in delivering digital and governmental transformation globally. It will also leverage the firm to ramp up efforts in AI, blockchain, and other digital innovations for governmental projects.
What they said: “By integrating the diverse and successful businesses of Derby Group, we bring further depth, expertise, and capability to our portfolio, ultimately strengthening our diverse platform and positioning us to unlock further possibilities,” said Sirius CEO Ajay Bhatia.
The acquisition comes ahead of Sirius’ IPO: Investment giant IHC plans to list Sirius on the public market in 2025, IHC CEO Syed Basar Shueb previously told Bloomberg. The investment company is also planning to debut International Technology Holding this year, and Daman Ins., a unit of its subsidiary PureHealth.
About Derby Group: The company offers services across multiple business sectors — including staff outsourcing, debt collection, recruitment, concierge, injection molding, interiors and fit-outs and translation services, according to its website. Its client base includes prestigious banks and other organizations, including Spinneys SuperMarket and Emirates NBD.
