Euronext completes acquisition of Nexi technology businesses
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Euronext completes acquisition of Nexi technology businesses 01 December 2022Italy Reporter: Jenna Lomax
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Euronext Group has finalised acquisition of the technology businesses currently powering MTS and Euronext Íø±¬³Ô¹Ï Milan from Italian technology provider Nexi. The transaction was first announced in June.
The transaction, worth €57 million, is expected to strengthen the core operations of MTS, Euronext’s fixed-income trading platform, and Euronext Íø±¬³Ô¹Ï Milan.
Nexi, a paytech firm in Europe, has been a partner of choice of MTS and Euronext Íø±¬³Ô¹Ï Milan for more than 30 years, powering their technology.
The transaction enables Euronext to fully internalise the technology powering MTS and Euronext Íø±¬³Ô¹Ï Milan, formerly Monte Titoli.
It also strengthens the core operations of MTS and Euronext Íø±¬³Ô¹Ï Milan, delivering on Euronext’s strategy to create value utilising its integrated value chain and technology.
Following the transaction, Nexi will continue to provide technology services to Euronext under transitional arrangements and other services under related commercial agreements.
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