Deutsche Börse is set to finalize its €3.9 billion acquisition of SimCorp, a Danish investment management software company, with plans to delist SimCorp from the Copenhagen Stock Exchange.
Facts
- Deutsche Börse has acquired 93.97% of SimCorp’s share capital and voting rights through a recent all-cash transaction.
- The deal is scheduled to close on 29 September, and Deutsche Börse intends to buy out remaining minority shareholders, gaining complete control of SimCorp.
- Deutsche Börse plans to delist SimCorp from Nasdaq Copenhagen and remove its shares from official listing.
- The acquisition aims to merge SimCorp’s data with Deutsche Börse’s investment management solution, resulting from the consolidation of Qontigo and Institutional Shareholder Services.
- This acquisition aligns with Deutsche Börse’s strategic goal to expand its investment management business and follows its previous takeover of Kneip Communication.
- SimCorp’s partnership with Qontigo in September 2021 paved the way for this acquisition, enhancing the optimization of its investment management system Dimension.
- Deutsche Börse’s CEO, Theodor Weimer, anticipates long-term growth, significant synergies, and increased recurring revenues through this acquisition and subsidiary consolidation.
