Deutsche Börse acquires Luxembourg-based fund data specialist Kneip
German capital markets exchange Deutsche Börse is set to acquire Luxembourg-based fund data manager Kneip Communication.
From left to right: Enrique Sacau, Philippe Seyll and Bob Kneip. Source: Kneip.
The deal, expected to be completed by the end of March, will see Deutsche Börse acquire 100% of Kneip. Further details of the transaction have not been disclosed.
Deutsche Börse Group’s head of investment fund services Philippe Seyll says: “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.”
The acquisition will form the foundation for a funding data hub in Luxembourg and see Kneip expand its range of services within Deutsche Börse Group, including data and post-trade services.
“Deutsche Börse’s scale and resources will broaden our portfolio and boost our ability to deliver more value to clients faster,” Kneip CEO Enrique Sacau says.
Set up in 1993, Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
The firm manages investor disclosure and data publication for more than 10,000 funds in over 40 countries, including the production of over 200,000 reporting solutions.
Deutsche Börse intends to connect Kneip’s solutions with its established fund services platforms, simplifying the process of data management for asset managers and other market participants across the fund ecosystem.
The group believes fund services and data are “key areas” for growth and is expected to make further investments and targeted acquisitions in these areas.
