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

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.