Deutsche Börse has acquired Luxembourg-based fund data specialist, Kneip Communication S.A. (Kneip), as part of its efforts to expand its fund services and data solutions as a central component of its growth strategy.
The transaction is expected to be completed by the end of March this year.
As part of the mandate, Deutsche Börse intends to connect Kneip’s services with its established fund services platforms. The focus will be on significantly simplifying the process of data management and services for asset managers and other market participants across the fund ecosystem.
Established in 1993, Kneip manages investor disclosure and data publication for more than 10,000 funds in over 40 countries.
Kneip aims to expand its range of services inside Deutsche Börse Group, including data and post-trade services provided by Clearstream, Deutsche Börse’s post-trade services platform.
Commenting on the acquisition, Philippe Seyll, head of investment fund services at Deutsche Börse, 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. This is also a unique opportunity to create a leading European fund data champion based in Luxembourg.”
Enrique Sacau, CEO at Kneip, comments: “We are excited about accelerating our investment in our teams and in Kneip’s growth as part of the Deutsche Börse Group. Clearstream has a long history of driving innovation within the financial sector and shares our vision, values and our commitment to customer service. Deutsche Börse’s scale and resources will broaden our portfolio and boost our ability to deliver more value to clients faster.”
