Amundi Buys Technology Firm, Bolsters Geographic Reach, Capabilities

Editorial Staff

18 November 2024

, the European wealth management house, has bought aixigo, a technology company that has built a modular service offering for distributors of savings solutions, for €149 million ($159.9 million).

France-headquartered Amundi (almost €2.2 trillion AuM), which has its technology business line and its solution Alto, will accelerate its development by buying aixigo. Following the deal, Amundi will bolster its presence among clients in Germany, Switzerland the UK.

Amundi said the return on investment on the transaction will be nearly 10 per cent after three years, and above 12 per cent after four years.

Founded in Germany 25 years ago by a group of academics, aixigo which has 150 staff, serves more than 20 client firms collectively representing more than €1 trillion in assets under management. Some 60,000 advisors already use aixigo's services to take clients on board, build allocations, place orders and generate reports.

Amundi said its technology arm has “also significantly enhanced its offering, providing the investment and savings industry with technological solutions for portfolio management, employee savings and retirement, wealth management and asset servicing.”

“Institutions that are distributing saving products are increasingly looking for solutions and external partners that enable them to improve their operational efficiency, and enhance the quality, the speed and the personalisation of the advice, services and products they offer,” Valérie Baudson, CEO of Amundi, said.

Arnaud Picut, aixigo CEO, 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 fronttrail Equity Partners that has accompanied aixigo as an equity investor over the past six years, enabling to build a successful European wealthtech platform provider.”