Deutsche Börse Group has acquired Kneip Communication, a European fund data specialist to expand its fund services and data solutions. as part of its central growth strategy.
The exchange group said that the focus will be on significantly simplifying the process of data management and services for asset managers and other market participants across the fund ecosystem.
The transaction is expected to be completed by the end of March this year and the partnership will form the foundation for creating a leading fund data hub based in Luxembourg.
Kneip will seek to further scale the business and expand its range of services inside Deutsche Börse Group, including data and post-trade services provided by Clearstream.
Deutsche Börse also intends to connect Kneip’s services with its established fund services platforms.
Established in 1993, Kneip offers fund data management and regulatory reporting solutions and currently services over 30% of EU-based fund International Securities Identification Number (ISINs).
The company manages investor disclosure and data publication for over 10,000 funds in over 40 countries, including the production of over 200,000 reporting solutions.
Deutsche Börse Group said it considers fund services and data to be key areas for future growth and intends to grow its market position organically via further investment in its existing businesses, and through targeted acquisitions.
“Through Kneip’s global reach and broad range of services, we will be able to further develop our product and service offerings and add value for funds clients at every stage of their business,” said Philippe Seyll, head of investment fund services at Deutsche Börse Group.
He added, “This is also a unique opportunity to create a leading European fund data champion based in Luxembourg.”
Enrique Sacau, CEO at Kneip, said, “We are excited about accelerating our investment in our teams and in Kneip’s growth as part of the Deutsche Börse Group. Clearstream has a long history of driving innovation within the financial sector and shares our vision, values and our commitment to customer service. Deutsche Börse’s scale and resources will broaden our portfolio and boost our ability to deliver more value to clients faster.”
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