Add-on Acquisition • Insurance

Vienna Insurance Group Acquires Insurance Macedonia а.д

On September 17, 2011, Vienna Insurance Group acquired insurance company Insurance Macedonia а.д

Acquisition Context
  • This is Vienna Insurance Group’s 1st transaction in the Insurance sector.
  • This is Vienna Insurance Group’s 1st transaction in Macedonia.

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M&A Deal Summary

Date September 17, 2011
Target Insurance Macedonia а.д
Sector Insurance
Buyer(s) Vienna Insurance Group
Deal Type Add-on Acquisition

Target Company

Insurance Macedonia а.д

Skopje, Macedonia
Insurance Macedonia а.д is a symbol of insurance in Macedonia, as well as for trust, for security and for financial stability. Company provide a wide range of top solutions for insurance and reinsurance, property insurances; insurance of persons from accident (accident); insurance of motor vehicles; insurance transport; insurance liability; travel insurance.
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Buyer Overview 1

Buyer

Vienna Insurance Group

Vienna, Austria

Category Company
Founded 1824
Sector Insurance
Employees30,130
Revenue 12.9B EUR (2024)
DESCRIPTION

Vienna Insurance Group is well established in all lines of business and thus offers a comprehensive customer-oriented portfolio of products and services with around 50 Group companies and around 25,000 employees in 25 countries. Vienna Insurance Group was incorporated in 1824 and is headquarters in Vienna, Austria.


Deal Context for Buyer #
Overall 1 of 11
Sector: Insurance 1 of 10
Type: Add-on Acquisition 1 of 7
Country: Macedonia 1 of 1
Year: 2011 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-12 Finsaltas

Vilnius, Lithuania

Finsaltas is Lithuania’s largest life insurance sales company. In 2014 the company generated some EUR 7.1 million in life insurance premiums, With around 300 insurance brokers.

Buy -