Capital market firm Deutsche B?rse is set to acquire Luxembourgian fund data manager Kneip, in a move that will expand its offering in asset management services.
Founded in 1993, Kniep works with fund managers and administrators around the world to aggregate, format, and disseminate their fund data and reporting documents.
Kneip offer data management, reporting, filing and dissemination solutions that it claims enables its clients to free up their time and resources, so they are able to concentrate on their core business.
Kneip will be integrated with Deutsche B?rse established fund service platforms with the aim of creating a leading fund data service hub in the Luxembourg market.
The transaction is set to be concluded at the end of this month. Financial terms surrounding the acquisition remain undisclosed.
Deutsche B?rse head of investment fund services Philippe Seyll said, ?Through Kneip global reach and broad range of services, we will be able to further develop our product and service offerings and add value for funds clients at every stage of their business. This is also a unique opportunity to create a leading European fund data champion based in Luxembourg.p>
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