Amundi Acquires aixigo to Enhance Technological Solutions Deployment

Amundi, a major European asset manager, has announced the acquisition of aixigo, a technology company known for its high-value-added modular service offerings aimed at distributors of savings products. With this acquisition, Amundi aims to enhance its technological capabilities, particularly for its Amundi Technology division and its Alto offering. The deal will enable Amundi to expand its customer reach and geographic presence, specifically targeting markets in Germany, Switzerland, and the United Kingdom through aixigo's existing client base. Aixigo, founded in Germany by academics 25 years ago, serves over 20 international financial institutions and has seen significant revenue growth in recent years. The transaction, valued at €149 million, is expected to yield a return on investment near 10% after three years and above 12% after four years, aligning with Amundi's strategic plan and financial discipline. Notable personnel from both companies expressed their enthusiasm for the synergies and innovations expected from the acquisition, which anticipates creating a strong European leader in wealth management technology.