Interactive Data agrees to buy Kler's Financial Data

Interactive Data Corp., a Bedford-base provider of financial market data, said today that it will acquire Kler's Financial Data Service S.r.l. for about $29.6 million in cash.

Kler's provides reference data to the Italian financial industry.

The acquisition is being made as part of Interactive Data's plans to expand its reference data services and grow its operations in Europe.

Interactive Data plans to retain Kler's Rome office and expand its presence in Milan, Italy.

Kler's services will be marketed at Interactive Data Kler's once the deal closes.

The deal is expected to close early in the third quarter. (AP)