Euronext Securities expands its services offering with the acquisition of Acupay
October 02 2024 - 12:45AM
UK Regulatory
Euronext Securities expands its services offering with the
acquisition of Acupay
Contacts Media |
Contact Investor Relations |
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Brussels |
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Dublin |
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Lisbon |
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Paris |
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Euronext Securities expands its services offering with
the acquisition of Acupay
Amsterdam, Brussels, Copenhagen, Dublin,
Lisbon, Milan, Oslo and Paris – 2 October 2024 – Euronext,
the leading pan-European market infrastructure, today
announces that it has acquired substantially all the business of
Acupay Group1, global leader in financial reporting,
corporate actions, cross-border tax relief, and securities
processing.
Founded in 2005, Acupay offers a suite of
technology services which provide relief from double taxation to
cross-border investors. Its unique proprietary solution, which
links brokers and banks to securities issuers, enables custodian
banks to electronically prepare tax certificates and allows
investors to effectively manage the impact of cross-border
withholding tax. Acupay and BondCom’s ability to identify
bondholders allows them to assist issuers with liability management
exercises.
The acquisition of Acupay further expands
Euronext Securities2’ services offering to investors and
issuers, leveraging Acupay’s strong presence in Italy and
opportunities to scale Acupay’s services through Euronext
Securities’ network across Europe. The acquisition will also
strengthen Euronext’s non-volume related revenue streams.
The transaction will be fully financed with
existing cash and will not impact Euronext’s deleveraging path.
- Stéphane
Boujnah, Chief Executive Officer and Chairman of the Managing Board
of Euronext, said:
“The acquisition of Acupay is a step further
in broadening Euronext Securities’ services offering. Euronext
Securities is today the third largest central securities depository
operator in Europe and this acquisition will enable us to offer new
value-added services to our clients. We are glad to welcome the
Acupay team, whose expertise in financial reporting, cross-border
tax relief and securities processing will contribute to further
reinforcing Euronext Securities’ ability to serve issuers,
custodians, brokers and investors across borders.”
- Stef
Lambersy, President of Acupay, said:
“The acquisition by Euronext of Acupay
demonstrates the high relevance and quality of our services towards
customers and validates our ambitions as a service provider for the
future, backed by the pan-European market infrastructure. The team
behind Acupay is very excited to join Euronext and develop an
enhanced value proposition together for Euronext clients.”
- Robert
Apfel, Founder of Acupay, said:
“I’m very excited to see this new important
milestone in the history of Acupay. This underlines once again the
success of the solutions developed by the Acupay team that already
fuelled its continued expansion. I’m glad to see Acupay joining
Euronext as I’m convinced that the collaboration with Euronext
Securities will unlock new expansion opportunities.”
ANALYSTS & INVESTORS –
ir@euronext.com |
Investor
Relations |
Aurélie
Cohen |
+33 1 70 48 24
17 |
ir@euronext.com |
|
Judith
Stein |
+33 6 15 23 91
97 |
ir@euronext.com |
MEDIA –
mediateam@euronext.com |
Europe
|
Aurélie
Cohen |
+33 1 70 48 24
45 |
mediateam@euronext.com
|
Andrea
Monzani |
+39 02 72 42 62
13 |
Amsterdam |
Marianne
Aalders |
+31 20 721 41
33 |
amsterdampressoffice@euronext.com |
Brussels |
Marianne
Aalders |
+32 26 20 15
01 |
brusselspressoffice@euronext.com |
Dublin |
Andrea
Monzani |
+39 02 72 42 62
13 |
dublinpressoffice@euronext.com |
Lisbon |
Sandra
Machado |
+351 91 777 68
97 |
portugalpressoffice@euronext.com |
Milan,
Rome |
Ester
Russom |
+39 02 72 42 67
56 |
italypressoffice@euronext.com |
Oslo |
Cathrine Lorvik
Segerlund |
+47 41 69 59
10 |
oslopressoffice@euronext.com |
Paris,
Corporate |
Flavio
Bornancin-Tomasella |
+33 1 70 48 24
45 |
parispressoffice@euronext.com |
Corporate
Services |
Coralie
Patri |
+33 7 88 34 27
44 |
parispressoffice@euronext.com |
About Euronext
Euronext is the leading pan-European market
infrastructure, connecting European economies to global capital
markets, to accelerate innovation and sustainable growth. It
operates regulated exchanges in Belgium, France, Ireland, Italy,
the Netherlands, Norway and Portugal. With nearly 1,900 listed
issuers and around €6.5 trillion in market capitalisation as of end
June 2024, it has an unmatched blue-chip franchise and a strong
diverse domestic and international client base. Euronext operates
regulated and transparent equity and derivatives markets, one of
Europe’s leading electronic fixed income trading markets and is the
largest centre for debt and funds listings in the world. Its total
product offering includes Equities, FX, Exchange Traded Funds,
Warrants & Certificates, Bonds, Derivatives, Commodities and
Indices. The Group provides a multi-asset clearing house through
Euronext Clearing, and custody and settlement services through
Euronext Securities central securities depositories in Denmark,
Italy, Norway and Portugal. Euronext also leverages its expertise
in running markets by providing technology and managed services to
third parties. In addition to its main regulated market, it also
operates a number of junior markets, simplifying access to listing
for SMEs. For the latest news, follow us on X
(twitter.com/euronext) and LinkedIn (linkedin.com/euronext).
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1 Including the business of Acupay System LLC
(‘Acupay’) and Bondholder Communications Group LLC (‘BondCom”)
2 Euronext Securities is the Central Securities
Depository (CSD) network connecting European economies to global
capital markets. With CSDs in Copenhagen, Milan, Oslo and Porto,
and assets under custody totaling €7 trillion as of 30 June 2024,
Euronext Securities is one of the largest CSD operators in
Europe.
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