Amundi Acquires Aixigo to Boost Technology Deployment in Savings Solutions

Amundi, a leading European asset manager, has announced the acquisition of Aixigo, a German technology company specializing in high-value modular services for distributors of savings solutions. Aixigo's platform, reliant on API-based technology, facilitates the integration of new services into existing financial IT infrastructures smoothly. This acquisition aligns with Amundi's strategy to expand its technology services for wealth managers and financial intermediaries, with Aixigo's platforms complementing Amundi Technology's existing offerings. Aixigo, with over 20 years of experience, provides services to more than 20 clients, leveraging over 60,000 advisors in financial institutions handling over 1 trillion in assets. With Amundi acquiring Aixigo, the combined strengths of both companies are expected to bolster Amundi's client and geographical coverage across Germany, Switzerland, and the UK. The acquisition, valued at 149 million euros, is projected to yield a return on investment of nearly 10% after three years and over 12% after four years. Amundi aims for this deal to enhance operational efficiency and qualitative advisory for financial institutions distributing savings products, ultimately creating substantial value for its stakeholders. Amundi's CEO Valrie Baudson highlights the strategic importance of the transaction, aiming to use Aixigo's technological prowess to advance Amundi's role in financial advisory and wealth management. The deal is also seen as a unique opportunity for Aixigo to expand its service offerings capitalizing on Amundi's extensive expertise. Key figures from both Amundi and Aixigo express excitement about the potential of this partnership to innovate and grow stakeholder value. With this acquisition, Amundi plans to enhance its technological services profoundly, positioning itself as a leader in the evolving landscape of wealth management and banking technology.