Statpro Group (LON:SOG) has acquired the regulatory risk services bureau from ODDO BHF for an undisclosed sum. The acquisition significantly broadens the group’s managed-services capabilities in risk and creates cross-selling opportunities. Our EPS rises by 3% in FY18 and FY19; we believe the deal demonstrates how StatPro can add value for shareholders through bolt-on acquisitions. Given the busy M&A backdrop in financial software and the significant valuation disparity between StatPro and its US-listed financial software peers, we continue to see strong upside potential in the shares.
Acquisition of regulatory risk services bureau
The acquisition of the regulatory risk services bureau from ODDO BHF adds a full managed service for regulatory risk reporting capability, and StatPro will transition the clients from a legacy technology to the Revolution platform. It also adds 10 new asset management and fund administration clients to StatPro's client base in Germany and Luxembourg. The service will be marketed throughout the EU.
To read the entire report Please click on the pdf File Below: