Peter Schütze, Chair of the Board of Directors of SimCorp A/S, said:
The Board of Directors finds that the offer from Deutsche Börse AG represents attractive value for the shareholders of SimCorp A/S as the company accelerates its transformation to a full-scale SaaS and BPaaS provider to deliver sustained long-term profitable growth
Deutsche Börse AG is well-positioned to contribute to the realisation of the long-term potential of SimCorp A/S, and the offer is a clear testament to the strong position and prospects of SimCorp A/S in a global investment industry undergoing fundamental changes and seeing rising demand for integrated technology platforms.
Following the completion of the acquisition, Deutsche Börse AG expects to realize annual EBITDA synergies of €90 million over a period of three years, comprising €55 million in cost synergies and €35 million in revenue synergies. Note that these synergies would require an upfront cost of about EUR 100 millions.
Launch of a new segment
Alongside this acquisition, Deutsche Börse also intends to merge its subsidiaries Qontigo and ISS, both of which specialize in data and analysis, under one leadership. Once the purchase is complete, the…