OM Technology Acquires ABN AMRO Software

OM Technology has acquired ABN AMRO Software AB, with 35 employees and an annual turnover of over SEK 32 m. The consideration amounts to MSEK 15. Through the acquisition we are gaining new, highly qualified, personnel who will strengthen OM's core competence and potential for growth. Furthermore we are adding new products which fit in well with our integrated solutions. We are consolidating our position as world leader within the field of transaction technology while strengthening our resources to allow us to fully meet the steady increase in demand for our solutions, explains Magnus Karlsson Böcker, President, OM Technology. ABN AMRO Software develops and maintains trading and risk management systems for the securities trade. The company was formed in 1996 in a joint venture between Alfred Berg and ABN AMRO Bank. Today ABN AMRO Software offers total solutions for front and middle offices for both equity and derivatives trading. The systems are in use by customers in 24 countries. OM operates equity and fixed income exchanges in London and Stockholm. OM also develops technology that increases the efficiency of financial and commodity markets all over the world. OM has operations in Europe, North America and Asia, with offices in 11 countries. The Parent Company, OM Gruppen is listed on the OM Stockholm Exchange. Lenner Corporate Finance has advised OM Gruppen in this matter, and CARTA Fondkommission has acted as advisor to ABN AMRO Bank NV.