Euronext Securities acquires Acupay 02 October 2024UK Reporter: Clelia Frondaroli
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Euronext Securities has acquired Acupay, a provider of financial reporting, corporate actions and securities processing.
The acquisition will expand Euronext Securities’ services offering to investors and issuers, and will utilise Acupay's presence in Italy to distribute Euronext's offerings across Europe.
Acquiring the company is also said to strengthen Euronext's non-volume related revenue streams, and will enable investors to manage the impact of cross-border withholding tax.
Stéphane Boujnah, CEO and chairman of Euronext's managing board, comments: "The acquisition of Acupay is a step further in broadening Euronext Securities’ services offering. We are glad to welcome the Acupay team, whose expertise in financial reporting, and securities processing will contribute to further reinforcing Euronext Securities’ ability to serve issuers across borders."
President of Acupay, Stef Lambersy, adds: "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."
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