Deutsche Börse Group is expanding its offering in the data services space by acquiring Kneip Communication S.A., a leading European fund data specialist. The companies have reached an agreement through which Deutsche Börse will acquire 100pct of the Luxembourg-based fund data manager. Further terms of the transaction were not disclosed. The transaction is expected to be completed by the end of March 2022.
Established in 1993, Kneip provides fund data management and regulatory reporting solutions for the asset management industry. The company manages investor disclosure and data publication for more than 10,000 funds in over 40 countries, including the production of over 200,000 reporting solutions. Kneip currently services over 30 per cent of EU-based fund ISINs.