Supported by Baker McKenzie, Amundi Austria acquires 100 percent of the shares in Fintech Finventum GmbH, which owns the robo-advisory platform Savity. By acquiring robo-advisor Savity, Amundi further extends its portfolio of digital technology services in Austria. The acquisition is to reinforce Amundi Technology's position in the B2B segment.
"With Savity, we are broadening our digital technology services in Austria and meeting clients' needs for investment advice and performing tools admidst the growing digitalisation of financial services and in particular portfolio management in Austria, a trend accelerated by the Covid pandemic. This new offer will enhance our development as the leading European technology provider in the Austrian market. Thanks to the extensive capabilities of Amundi, we will be able to not only serve existing Savity direct clients, but also provide new digital tools and services to our partners," Gabriele Tavazzani, CEO of Amundi Austria, said.
"We are pleased that we were able to support Amundi with our cross-border expertise in this transaction," said Claudia Fochtmann-Tischler, Counsel of the Corporate/M&A Practice Group.
The Baker McKenzie M&A core team comprised: Eva-Maria Ségur Cabanac (Partner, Vienna), Claudia Fochtmann-Tischler (Counsel, Vienna), Klara Kastner (Associate, Vienna) (all Corporate M&A), Robert Wippel (Counsel, Vienna) (Banking Supervisory Law/Banking/Finance)
Other attorneys involved: Balint Oszvar (Associate, Vienna) (Banking Supervisory Law/Banking/Finance), Edmund Schuster (Counsel, Vienna), Christian Vocke (Partner, Frankfurt), Hyun Ah Zi (Associate, Frankfurt), Nikolas Lazaridis (Associate, Frankfurt), Tino Marz (Counsel, Munich) (all Corporate M&A).
"With Savity, we are broadening our digital technology services in Austria and meeting clients' needs for investment advice and performing tools admidst the growing digitalisation of financial services and in particular portfolio management in Austria, a trend accelerated by the Covid pandemic. This new offer will enhance our development as the leading European technology provider in the Austrian market. Thanks to the extensive capabilities of Amundi, we will be able to not only serve existing Savity direct clients, but also provide new digital tools and services to our partners," Gabriele Tavazzani, CEO of Amundi Austria, said.
"We are pleased that we were able to support Amundi with our cross-border expertise in this transaction," said Claudia Fochtmann-Tischler, Counsel of the Corporate/M&A Practice Group.
The Baker McKenzie M&A core team comprised: Eva-Maria Ségur Cabanac (Partner, Vienna), Claudia Fochtmann-Tischler (Counsel, Vienna), Klara Kastner (Associate, Vienna) (all Corporate M&A), Robert Wippel (Counsel, Vienna) (Banking Supervisory Law/Banking/Finance)
Other attorneys involved: Balint Oszvar (Associate, Vienna) (Banking Supervisory Law/Banking/Finance), Edmund Schuster (Counsel, Vienna), Christian Vocke (Partner, Frankfurt), Hyun Ah Zi (Associate, Frankfurt), Nikolas Lazaridis (Associate, Frankfurt), Tino Marz (Counsel, Munich) (all Corporate M&A).
Explore Our Newsroom