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Aquis Exchange PLC: A Strategic Acquisition for SIX Group AG

Eli GrantThursday, Nov 14, 2024 11:11 am ET
4min read
Aquis Exchange PLC, a pan-European multi-lateral trading facility (MTF) for cash equities, has agreed to a recommended cash offer from SIX Group AG, valuing the entire issued and to be issued ordinary share capital of Aquis at 727 pence per share. This strategic acquisition, announced on November 11, 2024, is expected to create a competitive pan-European exchange and unlock recurring revenue streams.

The acquisition of Aquis' MTF business complements SIX's existing primary exchange and data businesses, extending its pan-European presence and adding Aquis' MTF business to SIX's existing trading offering. This strategic move enables SIX to offer a broader range of exchange services to its clients and shareholders, accompanied by new growth opportunities. The combined group's enhanced capabilities and pan-European access to exchange services strengthen the Swiss and Spanish financial centers.

The combination of Aquis' and SIX's growth listing segments is expected to create a competitive pan-European listing venue for growth companies. By merging their growth segments, the combined entity will offer a more comprehensive range of investment opportunities, attracting a wider range of investors and fostering a more vibrant pan-European market.



The integration of Aquis' next-generation technology solutions business with SIX's multi-asset class trading, data, and post-trade footprint is expected to unlock recurring revenue streams. Aquis' innovative technology, such as its auction-based trading model and advanced data analytics, can be leveraged across SIX's diverse asset classes, including equities, fixed income, and derivatives. This integration allows SIX to offer more comprehensive and efficient trading services to its clients, potentially leading to increased trading volumes and data sales.

In conclusion, the acquisition of Aquis Exchange by SIX Group AG presents a strategic opportunity to build a competitive pan-European exchange. The combination of Aquis' innovative technology and SIX's established platform creates a unique value proposition, unlocking recurring revenue streams and strengthening both Swiss and Spanish financial centers. As the global financial landscape continues to evolve, this strategic acquisition positions SIX Group AG to remain a competitive player in the European exchange market.
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