Apex Group Ltd. has successfully acquired the Iress Superannuation business to strengthen its position in the Australian superannuation market.

Target Information

Apex Group Ltd., a global financial services provider, has successfully acquired the Iress Superannuation business, enhancing its footprint in the Australian market. This acquisition was formally announced in January 2025 and completed following approval from the Foreign Investment Review Board, the novation of key customer contracts, and the fulfillment of standard warranties and indemnities.

The acquisition strengthens Apex Group's position in the superannuation sector, which is critical for its ongoing strategy. In 2024, Apex Group launched Apex Super, an Australian superannuation initiative developed in collaboration with Novigi, a leading data and technology platform provider. This move signifies a robust commitment to superannuation solutions in Australia.

Industry Overview in Australia

The Australian superannuation industry has demonstrated significant resilience and adaptability in recent years. As of 2023, it is one of the largest pension systems in the world, largely driven by mandatory empl