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FUNDRAISING NEWS | November 18, 2024

Amundi Buys German Fintech aixigo for €149M

Tags: Technology, Private Equity, Mergers / Acquisitions

Amundi has acquired aixigo, a financial technology company providing assistance to distributors of savings solutions, for €149M.

The European asset manager said November 14 that the acquisition supports its expansion in the technology sector, fortifying its position as a technology and services provider. It expects the transaction to generate a return on investment of nearly 10% after three years and over 12% after four years.

The newly purchased company caters to more than 20 clients, including financial institutions with combined assets under management surpassing €1T.

Source: https://about.amundi.com/article/acquisition-aixigo-accelerate-deployment-technological-solutions-distributors-savings-products 

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