Embat: Expands Global Reach with Necto Acquisition
Deal News | Feb 28, 2025 | Iberian Lawyer
Embat Technologies, a fintech specializing in cloud-based treasury management solutions, has acquired Necto, a US leader in global bank API connectivity. This strategic acquisition, with legal advisory from KPMG Abogados, allows Embat to enhance its capabilities in providing financial institution connections, real-time data access, and payment execution across North America, Europe, and Asia. The deal was supported by a multidisciplinary team from KPMG Abogados, involving corporate law, M&A, and digital law experts. This transaction not only broadens Embat's global reach but also optimizes their services in receivables, payments, and forecasting.
Sectors
- Financial Technology (FinTech)
- Corporate Law
Geography
- Global – The acquisition impacts Embat's operations across North America, Europe, and Asia, emphasizing the transaction's international scope.
- United States – Necto, the acquired target company, is based in the United States, highlighting its relevance to the geography classification.
- Spain – KPMG Abogados, advising on the transaction, is based in Spain, central to the advisory role in the deal.
Industry
- Financial Technology (FinTech) – Embat Technologies operates within the fintech sector, offering cloud-based treasury management solutions, which align with the industry's focus on technological advancements in financial services.
- Corporate Law – KPMG Abogados provided legal services for the acquisition which involved corporate law aspects critical to structuring and finalizing the deal.
Financials
- Not Disclosed – The financial terms of the deal between Embat Technologies and Necto were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Embat Technologies | Acquirer | Company | A fintech company specializing in cloud-based treasury management solutions. |
| Necto | Target Company | Company | A US-based leader in global bank API connectivity. |
| KPMG Abogados | Legal Advisor | Company | Legal advisory firm providing corporate, M&A, and digital law services for the transaction. |
| lvaro Lpez | Deputy Head of Corporate Law | Person | Led the M&A and corporate law team for the transaction at KPMG Abogados. |
| Enrique Nez | Partner | Person | Supervised the corporate law team for the transaction at KPMG Abogados. |
| Noem Brito | Partner | Person | Led the Digital Law practice contributing to the transaction at KPMG Abogados. |