Banking solutions company Aurionpro Solutions has further expanded in Europe with its acquisition of Paris-based financial services consulting firm Fenixys SAS for Euro 10 million.
Fenixys SAS specializes in Murex, treasury, capital markets and support services for leading banks and financial institutions across Europe and the Middle East, with a revenue of €8 million for FY24 along with with strong margins, Aurionpro Solutions said on December 23. The company operates in the financial technology services space with a primary focus on banking and capital markets consulting.
"The acquisition allows Aurionpro to continue its geographical expansion into Europe by leveraging Fenixys' experience of over 10 years in partnering with financial institutions undertaking IT transformations, as well as their deep relationships with major banks across Europe and the Middle East," Aurionpro said in a statement.
The board also approved the acquisition of further stake in Lithasa Technologies (Arya.ai) through a share swap. For this acquisition, Aurionpro will issue equity shares through a preferential allotment for Rs 1,807 per share.
Aurionpro approved the "issue of 96,988 equity shares of the Company of face value of Rs 10 each at a price of Rs 1807 per share (including premium of Rs 1,797/- each), in exchange for 2,250 equity shares of M/s Lithasa Technologies."
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