Amundi acquires German software provider aixigo in $150m deal

By Gloria Methri

French asset manager Amundi has acquired aixigo, a German software company offering high value-added modular service for savings solution distributors. The €149 million transaction is expected to boost Amundi’s business growth potential and revenue and cost synergies.

Amundi, which is already active in this market through its Amundi Technology business line and its solution Alto, will accelerate its development with the acquisition. The client and geographical coverage of Amundi in this market will be further enhanced by aixigo’s client base in Germany, Switzerland and the UK.

Some 60,000 advisors already use aixigo’s services daily to onboard clients, build and manage allocations, place orders and generate reports. Meanwhile, Amundi Technology’s highly diversified client base comprises over 60 clients, including banks, private banks, pension funds, insurers, fund custodians and asset managers in Europe and Asia.

From this point on, aixigo’s tools will be part of the solutions Amundi Technology provides to its clients across the entire savings value chain.

Valérie Baudson, Chief Executive Officer of Amundi, said, “Amundi has built a range of services and a technological platform that will be further strengthened with aixigo. With the addition of new expertise, which has already been adopted and recognised by leading financial firms, we will continue to roll out new innovative services and play an active part in the developments of the financial advisory and wealth management sector. This transaction will create significant value for our clients, partners and shareholders.”

Arnaud Picut, Chief Executive Officer of aixigo, said, “Joining Amundi Technology presents aixigo with a unique opportunity to expand our service offerings and leverage Amundi’s expertise, allowing us to become the undisputed European leader before gradually extending our reach into Asia, a vision that perfectly aligns with our values and ambitions. It is also an opportunity to thank Urs Ehrismann, Founder of Front Trail Equity Partners, who has accompanied aixigo as an equity investor over the past six years, enabling us to build a successful European WealthTech platform provider.”