Deutsche Börse set to acquire SimCorp

SimCorp has received an all-cash acquisition offer from Deutsche Börse of €3.9bn.

The companies have entered into a binding agreement dependent on shareholder and regulatory approval, with a minimal approval of at least 50% plus one share of all SimCorp shares required.

The acquisition is due to be finalised for quarter three 2023.

Reasons for the exchange group’s decision to acquire SimCorp include the desire to create an end-to-end investment management solution segment and improving its data and analytics capabilities.

Theodor Weimer, CEO of Deutsche Börse, further outlined the group’s intentions: “Over the last couple of years we have significantly enhanced our data and analytics capabilities with a strong strategic focus to further develop within the investment management business. SimCorp is a perfect fit strategically and culturally. It is one of the leading global investment management software providers, serving the largest asset managers and asset owners worldwide.

“Through our existing partnership we have come to know and appreciate the management of SimCorp and the strategic transformation they have initiated backed by a highly competent team of skilled employees.”

After the acquisition announcement, the FT reported a 39% surge in SimCorp’s share value.

In conjunction with the proposed acquisition, the German marketplace announced its intention to combine its data and analytics subsidiaries Qontigo and ISS.

The acquisition follows a string of SimCorp partnerships, the latest being its cooperation with Matter, sustainability data and reporting provider, earlier this month.