06.03.2020

Euronext Continues Nordic Expansion

06.03.2020
Shanny Basar

Euronext Corporate Services today announced the acquisition of two digital compliance solutions in Finland: Ticker Software, the local market leader in insider list management, and Sidonnaisuusrekisteri.fi, a liability register for Finnish municipalities. Both solutions are owned by the same parent company which will be fully acquired by InsiderLog, the Euronext Corporate Services subsidiary specialised in Compliance solutions.

In line with Euronext’s 3-year strategic plan, Euronext Corporate Services continues its geographical expansion in the Nordic countries. After the acquisition of InsiderLog in 2018, a Nordic leader in insider list management under the EU Market Abuse Regulation (MAR), the fully-owned subsidiary of Euronext will strengthen this activity by acquiring the largest Finnish player in this field, Ticker Software. This purchase will also bring an additional product into InsiderLog’s portfolio, Sidonnaisuusrekisteri.fi.

Ticker Software is the Finnish leader in terms of insider list management, and Sidonnaisuusrekisteri.fi already has an important market share with municipalities in the country. The newly-combined entity will total around 550 clients for insider list management, making it one of the leaders in Europe and a clear leader in Nordic countries.

Mathieu Caron, Head of Euronext Corporate Services, said:
“The acquisition of Ticker Software and Sidonnaisuusrekisteri.fi is a new milestone in the development of Euronext Corporate Services in the Nordics. This is a unique opportunity to expand our footprint in the Finnish market, and we look forward to working with our new team members, local issuers, as well as actors of the financial industry, and deploy our complete suite of solutions. This is the first build-up transaction that Euronext Corporate Services ever realises for one of its subsidiaries after the initial transactions of the previous strategic plan, and it demonstrates the dynamism of this franchise and the renewed support of Euronext to its development.”

Source: Euronext

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