2008-11-13
Avantus Corporate Finance advisor when VPC acquires the BOSS-business from the IT group Logica
Avantus Corporate Finance is proud to announce having advised VPC on its successful acquisition of the BOSS-business from Logica Infra Solutions.
VPC AB (”VPC”), part of the Euroclear group, has acquired the annual general meeting services operations of Logica Infra Solutions (the so called BOSS-business). By this acquisition VPC takes a market leading position on the Swedish market for annual general services.
VPC is a Central Securities Depository (CSD) on the Swedish market offering services related to ownership information and corporate actions to Swedish companies. VPC has more than 1,200 customers and registers 9,700 financial instruments. The acquisition is a natural step in complementing the existing service offering on the Swedish market. It also harmonises the overall offering as annual general meeting services already are successfully operated on the Finnish market by its sister company APK.
The acquisition means that both the personnel and the system platform will be transferred to VPC.
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