Processing timeline
4
days
Filed
31 Aug 2026
Decision Due
13 Oct 2026
Est decision date: 3 Oct 2026. Based on 90 decided Professional & Business Services notifications.
Acquirer(s)
AUSTRALIAN ADMINISTRATION SERVICES PTY. LIMITED ABN - 62 003 429 114
Target(s) or Vendor(s)
GROW TECHNOLOGY SERVICES LTD ABN - 63 615 049 691
Other parties
MUFG PENSION & MARKET SERVICES HOLDINGS PTY LIMITED ABN - 27 120 964 098
MUFG Pension & Market Services Holdings, via Australian Administration Services, proposes to acquire 100% of the shares in Grow Technology Services Ltd through a scheme of arrangement. Both companies supply superannuation administration services in Australia, with Grow offering a modular, cloud-based technology platform.
MUFG Pension & Market Services Holdings Pty Limited ( MPMS ), through its wholly owned subsidiary Australian Administration Services Pty Limited, proposes to acquire 100% of the shares in Grow Technology Services Ltd ( Grow ), pursuant to a scheme of arrangement (the Acquisition ). MPMS is a global provider of data and technology-enabled services, delivering business-to-business ( B2B ) solutions across financial services and capital markets. Through its MUFG Retirement Solutions business, MPMS delivers administration services to superannuation funds, operating across Australia, Hong Kong, New Zealand and the United Kingdom. MPMS supplies superannuation administration services using its technology platform (aaspire) which is non-cloud native. Grow provides superannuation administration services to superannuation funds in Australia. Grow’s core offering is a distributed ledger technology platform built on the Corda Enterprise blockchain (DLTA) that provides modular, cloud-based technology. MPMS and Grow overlap in the supply of administration services to superannuation funds in Australia.