M&A Deal Summary

GFT Technologies Acquires Asymo AG

On June 9, 2011, GFT Technologies acquired information technology company Asymo AG

Acquisition Highlights
  • This is GFT Technologies’ 1st transaction in the Information Technology sector.
  • This is GFT Technologies’ 1st transaction in Switzerland.

M&A Deal Summary

Date 2011-06-09
Target Asymo AG
Sector Information Technology
Buyer(s) GFT Technologies
Deal Type Add-on Acquisition
Advisor(s) Altium Capital Ltd. (Financial)

Target

Asymo AG

Adliswil, Switzerland
Asymo AG, is a Swiss IT consultancy companies for the Avaloq core banking solution.

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Buyer(S) 1

Buyer

GFT Technologies

Stuttgart, Germany

Category Company
Founded 1987
Sector Information Technology
Employees10,626
Revenue 871M EUR (2024)
DESCRIPTION

GFT Technologies is in designing and implementing IT solutions for the financial services industry. GFT Technologies was founded in 1987 and is based in Stuttgart, Germany.


DEAL STATS #
Overall 2 of 7
Sector: Information Technology M&A 1 of 5
Type: Add-on Acquisition M&A Deals 2 of 6
Country: Switzerland M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Parity Systeme

Hochdorf-Eberdingen, Germany

Parity Systeme GmbH provides information technology (IT) and recruitment services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-04 Sempla

Montecatini Terme, Italy

Sempla works in the Information Technology sector offering IT consulting and development and provision of application management services as an outsourcer and system integrator. The Group provides turnkey application solutions that are highly personalised. It is mainly focused on the banking and insurance sectors. Sempla was founded in 1980 and is based in Montecatini Terme, Italy.

Buy -