Brady Plc, an international supplier of trading, risk management and settlement tools to the metals and commodities sectors, has acquired Commodities Software (UK), a supplier of raw material services, for an undisclosed sum.

Brady Plc, an international supplier of trading, risk management and settlement tools to the metals and commodities sectors, has acquired Commodities Software (UK), a supplier of raw material services, for an undisclosed sum.

The company said the transaction makes Brady the “only provider of sophisticated trading and risk management services for refined and unrefined metals”.  It also announced that more deals could be on the cards this year.

Brady CEO Gavin Lavelle said: “This is a fantastic start to the year for Brady. The acquisition is a significant milestone in our strategy of being the definitive global provider of risk management and settlement solutions to the metals and commodities industries.

“The deal provides an opportunity to accelerate our growth and we anticipate enhanced earnings per share. Brady is cash positive and has an appetite for the right acquisitions at the right price.”

Last year the company reported a pre-tax profit of £218,000, an increase of 51 per cent on the first six months of 2007.