Deutsche Börse AG and SimCorp A/S have entered into a binding agreement which will see Deutsche Börse make an all cash recommended public takeover offer to acquire SimCorp, valuing the business at EUR3.9bn (USD4.3bn). The transaction is subject to regulatory approvals as well as other customary conditions and is expected to be completed in the third quarter of this year.
The acquisition of SimCorp, a Denmark-based provider of investment management software and associated technology-enabled services, aims to create a front-to-back Investment Management Solutions segment. Deutsche Börse intends to accelerate the development of its data & analytics business to drive additional growth and efficiencies, combining Qontigo and ISS, with General Atlantic becoming the sole minority shareholder of the combined Qontigo entity.