U.K.-based Absolute Label Services has been bought up by fast-growing Swiss fintech company Utopia Music to strengthen the company’s newly launched distribution services unit.

Absolute’s current distribution and services offering, utilized by independent artists and labels, will be integrated into Utopia’s division, which launched in January with the acquisition of Proper Music Group. Absolute’s neighboring rights company, Absolute Rights Management, is included in the deal.

Absolute’s co-owners and joint Managing Directors, Henry Semmence, on the left in the photo, and Simon Wills, have joined Utopia as VP, Distribution Services. They will work alongside Drew Hill, VP, Physical Distribution. All report directly to Utopia’s Chief Operating Officer, Roberto Neri.

Semmence and Wills said of the deal: “By joining the Utopia family, we can provide our clients with an array of new services and exponentially increase their business. It is no secret that the music industry has a data gap. We are proud to be part of a company that wants to make a difference within the industry and help it grow.”

Founded in 1998, Absolute’s client base ranges from developing talent such as Jake Isaac, edbl and Au-Ra to established acts Deep Purple, Beverly Knight and McFly.