Global financial services firm Apex Group has struck a deal with Mercer Super to acquire its standalone superannuation administration business, marking a strategic move to expand its footprint in Australia.
The transaction is pending approval from the Australian Competition and Consumer Commission and the Foreign Investment Review Board, with completion expected by the end of the first quarter of 2026.
Under the agreement, Apex will implement a lift-out arrangement, integrating Mercer’s administration and operational teams into its operations.
The move is aimed at enhancing service delivery, operational continuity, and client experience across the superannuation sector.
"Australia offers strong growth potential for us. The superannuation technology and servicing sectors are a key strategic focus for Apex Group. By combining innovative technology with high-quality service, we are committed to delivering market-leading superannuation administration to funds and their members," said Peter Hughes, CEO and founder of Apex Group.