M&A Deal Summary

Talanx International AG Acquires WARTA S.A. Insurance and Reinsurance

On January 20, 2012, Talanx International AG acquired insurance company WARTA S.A. Insurance and Reinsurance from KBC Group

Acquisition Highlights
  • This is Talanx International AG’s 1st transaction in the Insurance sector.
  • This is Talanx International AG’s 1st transaction in Poland.

M&A Deal Summary
Date 2012-01-20
Target WARTA S.A. Insurance and Reinsurance
Sector Insurance
Buyer(s) Talanx International AG
Sellers(s) KBC Group
Deal Type Divestiture

Target

WARTA S.A. Insurance and Reinsurance

Warsaw, Poland
Warta is the second largest Polish insurance group (positioned third in both of the life and non-life insurance markets) established in 1920 and has been providing life and non-life insurance on the Polish market. It has broad distribution channels with an agent network throughout Poland and a strong brand name and business base.

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Buyer(S) 1

Buyer

Talanx International AG

Hannover, Germany
Category Company
Founded 2002
Sector Insurance
DESCRIPTION

Talanx International AG is a provider of an insurance products for retail and commercial customers in Germany and internationally.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
Country (Poland) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

KBC Group

Brussels, Belgium
Category Company
Founded 1935
Sector Financial Services
Employees33,555
Revenue 10.8B EUR (2023)
DESCRIPTION

KBC Group is an integrated bancassurance group, catering mainly for retail, SME and midcap customers. It concentrates on its home markets of Belgium and certain countries in Central and Eastern Europe. KBC Group was founded in 1935 and is based in Brussels, Belgium.

DEAL STATS #
Overall 1 of 3
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 2
Country (Poland) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-03 ValueSource Technologies Pvt.

Chennai, India

ValueSource, which has employee strength of over 170 persons, has a dedicated offshore development centre in Chennai. It provides integrated offshoring services in software development and maintenance in financial services and insurance domain, manufacturing and business operation automation.

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