Amundi, a leading European asset manager and provider of technology solutions, has announced the acquisition of German technology firm aixigo in a €149m deal.
The move aims to strengthen Amundi’s WealthTech capabilities and broaden its client and geographic reach, according to FF News.
The acquisition aligns with Amundi’s strategic plan to enhance its position in the growing market for wealth management technologies.
Amundi intends to integrate aixigo’s tools into its Amundi Technology platform, aiming to deliver a comprehensive suite of solutions for banks and financial intermediaries. The transaction is expected to yield significant value through business growth and synergies, with a projected return on investment of nearly 10% after three years and over 12% after four years.
Founded 25 years ago by academics, aixigo has become a leading WealthTech provider with significant revenue growth in recent years.
The company serves over 20 clients, including top international financial institutions managing €1tn in assets. Its platform is utilised by approximately 60,000 advisors daily for various financial tasks, from client onboarding to portfolio management.
aixigo’s platform, which is API-based and highly modular, complements Amundi Technology’s offerings.
By combining expertise, the companies aim to create a transformative solution for wealth management and banking industries. The partnership strengthens Amundi’s foothold in Germany, Switzerland, and the UK, with future plans to extend into Asia.
Amundi CEO Valérie Baudson said, “Institutions that are distributing saving products are increasingly looking for solutions and external partners that enable them to improve their operational efficiency, and enhance the quality, the speed and the personalization of the advice, services and products they offer. To address these needs, Amundi has built a range of services and a technological platform that will be further strengthened with aixigo.”
Guillaume Lesage, chief operating officer at Amundi, commented, “We are delighted to welcome aixigo’s experienced teams, who will bring their entrepreneurial spirit, their cutting-edge technological skills, as well as their in-depth knowledge of the customer needs. Thanks to this new development, we will accelerate the deployment of Amundi Technology’s services to private banks and wealth managers, with a broader, more flexible, more scalable offering that will enable us to respond to an even wider range of business cases.”
Benjamin Lucas, CEO of Amundi Technology, said, “Amundi Technology is fully committed to delivering pioneering technology solutions and exceptional service to our clients globally. By bringing together the leading capabilities and solutions from Amundi Technology and aixigo, we will create a transformative offering for the wealth management and banking industry. We share a vision and ethos of delivering excellence and growth for all of our stakeholders, and we are extremely excited to welcome the aixigo teams as we continue along this journey together.”
Arnaud Picut, CEO of aixigo, stated, “Joining Amundi Technology presents aixigo with a unique opportunity to expand our service offerings and leverage Amundi’s expertise, allowing us to become the undisputed European leader before gradually extending our reach into Asia, a vision that perfectly aligns with our values and ambitions. It is also an opportunity to thank Urs Ehrismann, Founder of fronttrail Equity Partners that has accompanied aixigo as an equity investor over the past six years, enabling to build a successful European WealthTech platform provider.”
Christian Friedrich, executive board member and co-founder of aixigo, added, “A real WealthTech powerhouse will emerge from aixigo and Amundi Technology. I am very excited about the opportunities and possibilities this will create for the aixigo team. Our long-standing customers will benefit from the bundling of our joint skills and strengths and will be able to drive new services in the wealth management market. I am already looking forward to the innovations that this partnership will bring.”
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