Acuity Knowledge Partners, a leading provider of high-value research, analytics, and business intelligence solutions to the financial services industry, has acquired PPA Group.
PPA is a prominent technology-enabled service provider to financial institutions in Germany and Switzerland. It focuses on custom structuring global financial and ESG data for commercial lending and ESG analysis.
With offices in Darmstadt, Germany and Zurich, Switzerland, PPA has over two decades of experience supporting top European banks in better understanding and using complex counterparty data. PPA’s software-enabled services, developed in-house and substantial topic knowledge, deliver accurate, cost-effective, and secure results to its growing clientele.
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“Advanced, accurate and timely data processing to assist financial institutions engaged in commercial lending is a key growth area for Acuity. The acquisition of PPA Group is a strategic investment to support Acuity’s commitment and growing presence in supporting best practices in commercial lending. I am also delighted that we will partner with the highly experienced PPA management team to scale this business and bring its capabilities to Acuity’s global client base,” said Robert King, Chief Executive Officer, Acuity Knowledge Partners.
“Our combined platform will provide clients with a market-leading service, and we look forward to integrating PPA’s innovative use of AI and Machine Learning into our portfolio of solutions. The acquisition also adds direct presence in two important and major European financial markets, Germany and Switzerland”, he added.
Heimo Saubach, Chief Executive Officer, PPA Group, said, “We have built a best-in-class data extraction and processing business serving European lending customers. Becoming part of Acuity Knowledge Partners will allow us to expand our market share globally and provide additional value to our existing customer base. It also means we can combine our advanced understanding of AI platforms with that of Acuity to create new and market-leading solutions. Acuity and PPA share the same mission of being a strategic and trusted partner to our customers and a great place to work for our employees. We feel very comfortable becoming part of Acuity and are confident that we can add value to our common endeavours.”
