New York-based Nasdaq, Inc. is expanding its position in the news business with the acquisition of Marketwired L.P., a Toronto-based newswire and investor relations service, from OMERS Private Equity, the organizations announced on Friday.

Nasdaq has entered into a definitive agreement to acquire Marketwired from the private equity arm of Ontario pension fund OMERS for an undisclosed price.

The deal, which is subject to customary conditions, is expected to close in the first quarter.Tthe transaction will be accretive to Nasdaq’s non-GAAP earnings within 12 months of closing, the stock exchange operator says.

“This is a major opportunity for our corporate solutions business to enhance its end-to-end portfolio of services for communication professionals — including news distribution, media research, social media and analytics,” says Stacie Swanstrom, senior vice president and head of corporate solutions at Nasdaq, in a statement. “We will also make use of existing resources — including an expanded presence in North America, particularly Canada — to provide an even stronger service and account management experience for our clients.”

Nasdaq cemented its return to Canada on Feb. 1. when it closed its acquisition of alternative trading system Chi-X Canada.

See: Nasdaq completes acquisition of Chi-X Canada