Finanteq S.A. majority stake was acquired by Senacor Technologies AG.
From the press release: https://senacor.com/en/senacor-acquires-finanteq/
Senacor acquires Finanteq to scale mobile and full-stack software development from Poland
Eschborn, 30 October 2023. Senacor Technologies AG grows internationally and acquires the Polish software company Finanteq S.A. This marks Senacor’s second acquisition within the last 24 months and expands the company staff to more than 1,000 employees. With 140 professionals, Finanteq develops mobile app solutions for leading financial institutions – complementing the existing client and service portfolio of Senacor.
Finanteq S.A. is a Lublin based company employing specialists in mobile banking who create solutions appreciated by both Polish and international customers. Finanteq S.A. customers include BNP Paribas, Santander, Danske Bank, Unicredit, National Bank of Kuwait, Arab Bank, and mBank. Over the last two years Finanteq has more than doubled its revenues, proving the high quality of the projects and services it has implemented and provided.
CMT Advisory team consisting of Paweł Łągwa, Jakub Multański and Jakub Tomyślak was responsible for the comprehensive handling of the M&A process, including identifying an investor that fits best the criteria set forth by the company and its owners. Our negotiations aimed at getting the best possible deal for our customers and ensuring smooth and safe flow of the entire process.
Senacor Technologies AG.
The CMT Advisory Team is made up of specialists with premium expert knowledge and interdisciplinary skills which assure the realisation of the most ambitious of projects. Our employees extensive experience and expertise result from prior activities in audit companies, commercial banks, strategic advisories, private equity funds, and family enterprises. The CMT Team consistently enhance their qualifications and expand capacities. CMT Advisory specializes in transaction and economic advisory services. Our principal area of operation is advice rendered to family companies, which we assist in taking key decisions concerning their business development. There are five areas of CMT Advisory specialty: - Transaction advisory services – Corporate Finance (incl restructuring) – Valuations, opinions and business modelling – Ownership supervision support - Transfer pricing.