Deutsche Börse share gains: Deutsche Börse buys Luxembourg fund data manager Kneip

As the stock exchange operator announced, the group is acquiring the fund data specialist Kneip Communication SA and intends to expand its range of data services. As part of the transaction, the DAX group will acquire 100 percent of the shares in the Luxembourg fund data manager. The transaction is expected to be completed by the end of March this year. Further details of the acquisition were not disclosed.

According to the group, the acquisition will create a fund data hub in Luxembourg. The pub services are also to be linked to the group’s existing fund service platforms. The focus is on process simplification for data management and data services in the entire fund ecosystem.

Fund services and data are key areas for future growth for Deutsche Börse Group, according to the press release. The company aims to expand its market position organically through further investments in the existing business areas and to strengthen it through targeted acquisitions.

The Deutsche Börse share gained 1.7 percent at times in XETRA trading to EUR 164.95.

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