M&A Deal Summary

Helvetia Acquires Helvetia Versicherungen Österreich AG

On August 28, 2014, Helvetia acquired insurance company Helvetia Versicherungen Österreich AG

Acquisition Highlights
  • This is Helvetia’s 2nd transaction in the Insurance sector.
  • This is Helvetia’s 1st transaction in Austria.

M&A Deal Summary

Date 2014-08-28
Target Helvetia Versicherungen Österreich AG
Sector Insurance
Buyer(s) Helvetia
Deal Type Add-on Acquisition

Target

Helvetia Versicherungen Österreich AG

Vienna, Austria
Helvetia Versicherungen Österreich AG is a provider of an insurance and pension solutions.

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Buyer(S) 1

Buyer

Helvetia

St. Gallen, Switzerland

Category Company
Founded 1858
Sector Insurance
Employees13,812
Revenue 10.5B CHF (2024)
DESCRIPTION

Helvetia is a provider of life and non-life insurance, and reinsurance products. Helvetia was founded in 1858 and is based in Sankt Gallen, Switzerland.


DEAL STATS #
Overall 2 of 4
Sector (Insurance) 2 of 3
Type (Add-on Acquisition) 2 of 4
Country (Austria) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 Helvetia Assurances SA

Courbevoie, France

Helvetia Assurances SA is a provider of motor vehicle insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-13 Alpha Insurance S.A.

Brussels, Belgium

Alpha Insurance S.A. is a Belgian composite insurance company, authorized by the National Bank of Belgium. Whilst Alpha no longer issues new business, it does continue to service the remaining in-force business. Alpha’s operations will continue to focus on efficient client servicing & claims management while ensuring service levels to existing policyholders are maintained.

Sell €40M