The Munich-based specialist for financial services for employee benefits will be integrated into the French company Up group.
With this transaction, Clipperton demonstrates once again its capacity to accompany its clients in their cross-border operations.
The transaction follows a series of transforming M&A deals announced by Clipperton since January 2018 including the acquisition of Cheerz by Cewe [CWC.F], the acquisition of Cardoen by Aramisauto, the sale of Foodcheri to Sodexo [SW.PA] and the sale of Quitoque to Carrefour Group [CA.PA].
The acquisition makes givve part of an international company, that is already active in 19 countries on four continents, with more than 3,400 employees and 494 million euros sales in 2017. In this context, the Fintech’s innovative technology has much greater development opportunities in the field of financial services. Through this acquisition, Up group is strengthening its market position in Germany.
