ING Groep - M&A Summary and Business Overview

Financial ServicesCompany

ING Groep M&A Summary

ING Groep has acquired 6 companies. It has also divested 13 assets.

ING Groep’s largest acquisition to date was in 2000, when it acquired Aetna Financial Services for $7.7B. It’s largest disclosed sale occurred in 2011, when it sold ING Direct USA to Capital One Financial for $9.0B. ING Groep has acquired in 5 different US states. The Company’s most targeted sectors include financial services (50%) and insurance (34%).

ING Groep Business Overview

Where is ING Groep headquartered?

ING Groep is headquartered in Amsterdam, Netherlands.

What is ING Groep’s revenue?

ING Groep disclosed revenue of 22,405M USD for 2023 and 18,590M USD for 2022.

How many employees does ING Groep have?

ING Groep has 60,000 employees.

What sector is ING Groep in?

ING Groep is a financial services company.

When was ING Groep founded?

ING Groep was founded in 1762.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity6
    • M&A Sell Activity13
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 11

ING Groep

ING Groep N.V.

Bijlmerdreef 106,
Amsterdam, 1102 CT
Netherlands,
+31 20 563 9111
www.ing.com

ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, the Netherlands.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $18.8B $18.8B
Sell (0.6/yr) # 10 - - - 1 2 13
vol $17.2B $6M $17.2B
  19

Most Recent M&A

Company Date Value Type
CoorpID 2024-01-16 - Divestiture
Amsterdam, Netherlands · www.coorpid.com
Blacksmith KYC 2024-01-16 - Divestiture
Singapore , Singapore · www.blacksmithkyc.com
ING - SparQ 2023-01-25 6M EUR Divestiture
Amsterdam, Netherlands
ING Employee Benefits Global Network 2015-05-20 - Divestiture
Brussels, Belgium · www.ingemployeebenefits.com
Orange Life 2013-08-26 1.7B USD Divestiture
Seoul, South Korea · www.orangelife.co.kr
Voya Financial, Inc. 2013-05-01 - Spin Off
New York, New York · www.voya.com
Orange Policy Sdn Bhd 2012-12-18 1.7B USD Divestiture
Kuala Lumpur, Malaysia
ING Bank of Canada 2012-11-15 2.4B CAD Divestiture
Toronto,, Ontario
ING Insurance Bhd. 2012-10-11 1.5B EUR Divestiture
Kuala Lumpur, Malaysia · www.ing.com.my
CBRE Clarion Securities 2011-07-01 940M USD Divestiture
Radnor, Pennsylvania · www.cbreclarion.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (50%) 4.1B (22%) 5 (38%) 12.3B (71%)
Insurance 2 (33%) 13.8B (73%) 5 (38%) 4.9B (29%)
Business Services 1 (17%) 900M (5%) 1 (8%) -
Information Technology - - 1 (8%) -
Software - - 1 (8%) 6M (< 1%)
Total 6 $18.8B 13 $17.2B

By Geo

State/Country Buy Value Sell Value
United States 6 18.8B 5 9.9B
  Massachusetts 2 1.8B - -
  Minnesota 1 6.1B 1 -
  New York 1 600M 1 -
  Iowa 1 2.6B - -
  Connecticut 1 7.7B - -
  Delaware - - 1 9.0B
  California - - 1 -
  Pennsylvania - - 1 940M
Malaysia - - 2 3.2B
Netherlands - - 2 6M
Belgium - - 1 -
Canada - - 1 2.4B
  Ontario - - 1 2.4B
Singapore - - 1 -
South Korea - - 1 1.7B
Domestic - - 2 (15%) 6M (< 1%)
Cross-border 6 (100%) 18.8B (100%) 11 (85%) 17.2B (100%)
Total 6 $18.8B 13 $17.2B

Deal Values

buy # Total
> $1B 3 $16.4B
$100M to $1B 3 $2.4B
TOTAL $18.8B
Largest Aetna Financial Services
$7.7B (2000-07-20)
sell # Total
> $1B 5 $16.3B
$100M to $1B 1 $940M
< $100M 1 $6M
TOTAL $17.2B
Largest ING Direct USA
$9.0B (2011-06-16)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
2 (33%)
Divested to
Investor(s)
15%
2 (15%)
Strategic(s)
77%
10 (77%)

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