On July 1, 2011, Carbon Trading Capital (CTC) officially announced that it has successfully completed its acquisition of ACT Carbon Capital Limited (ACT), which was founded in 2008 and headquartered in UK.
The announcement said that ACT will continue to operate under that name. CTC does not currently operate in many of the overseas markets served by CDM, so the synergy of this merger makes sense in terms of expanding the CDM's service line worldwide, including China, which is world's largest source of carbon credits and where ACT has already had a good presence. Both CTC and ACT are confident that the acquisition would serve as a strong engine for the future development in the global carbon market.