Amundi Acquires aixigo to Boost Growth in Technological Solutions

Amundi, a leading asset management company, has acquired aixigo, a German technology firm, to enhance its technological offerings for savings product distributors. Aixigo, known for its high-value, API-based modular services, complements Amundi's Technology business, fortifying its position as a prominent technology service provider. This strategic acquisition aims to bolster Amundi's geographical footprint, leveraging aixigo's strong client base across Germany, Switzerland, and the UK. Aixigo will integrate its platform with Amundi Technology's solutions to serve an expanding clientele, including banks, pension funds, and asset managers in Europe and Asia. With 150 staff and significant assets under management, aixigo serves over 20 leading financial institutions. The acquisition, valued at 149 million euros, promises to enhance revenue and realize cost synergies, with projected returns of 10% in three years and over 12% in four years. The transaction aligns with Amundi's strategy of innovation and growth in the financial advisory, wealth management, and banking sectors. Leadership from both firms expressed optimism about the synergistic potential and the expanded service offerings resulting from their union.