Aurionpro Solutions stock surges 4% after Europe expansion with Euro 10 mn acquisition

Aurionpro Solutions shares have risen 15 percent in the past months.

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26 Aug, 2025 12:21

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Shares of Aurionpro Solutions surged over 4 percent in early trade on December 24 after the company expanded its footprint in the European market with its acquisition of Paris-based financial services consulting firm Fenixys SAS for Euro 10 million.

"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," the company said in an exchange filing.

At 09.48 am, shares of Aurionpro Solutions were trading at Rs 1,794.55 on the NSE.

Fenixys SAS, is a specialist in Murex, treasury, capital markets, and support services, catering to leading banks and financial institutions across Europe and the Middle East. With a revenue of €8 million for FY24 and strong margins, the company operates in the financial technology services sector, primarily focusing on banking and capital markets consulting.

In an interview with CNBC-TV18, Ashish Rai, CEO of Aurionpro Solutions, stated that the acquisition of Fenixys will be accretive to earnings per share and will significantly enhance the company's presence in Europe, a region where its footprint was negligible before the acquisition.

Meanwhile, Rai also expects Fenixys to achieve Aurionpro's margin level of over 20 percent within 18 months. In addition, he also forecasts revenue contribution from the European market to reach double digits within the next two years, largely on the back of the latest acquisition.