Euronext to Acquire Technology Businesses from Nexi’s Capital Markets Activities

To enhance its operations, Euronext Group, a leading pan-European market infrastructure provider connecting European economies to global capital markets to accelerate innovation and sustainable growth, announced today that it will acquire technology businesses from Nexi’s capital markets activities. Nexi has been a partner of MTS and Euronext Securities Milan for more than three decades.

According to the details shared by Euronext Group, Nexi will continue to provide technology services to Euronext under transitional arrangements following the transaction. The purchase amount of the transaction, which will be paid in cash, stands at €57 million.

Stéphane Boujnah, the CEO and Chairman of the Managing Board at Euronext, said: “The planned acquisition of the technology assets driving MTS and Euronext Securities Milan is a key milestone in the Borsa Italiana Group integration process. At Euronext, owning the intellectual property of our critical operations is at the center of our strategy, to secure the robustness of our operations and enable further development and product innovation. We look forward to welcoming the new teams to the Euronext Group.”

The transaction, which is subject to regulatory approvals, is expected to close in the second half of 2022.

Renato Martini, the Digital Banking & Corporate Solutions Director at Nexi, said: “This sale, consistent with our strategy following the mergers with SIA and Nets, will allow us to focus further on our core business, digital payments, accelerating our growth in Europe and focusing on the realization of synergies.”

Euronext’s Growth

Euronext called the recent announcement an important step toward the company’s growth strategy. The operator mentioned that the acquisition will enhance its technology capabilities.

“The transaction will also strengthen the core operations of MTS and Euronext Securities Milan, which joined Euronext in April 2021. With this transaction, Euronext internalizes the core trading platform of MTS and its largest IT contract,” the operator added.