Capco, the global management and technology consultancy, today announces the acquisition of andrion AG (‘andrion’), a Switzerland-based digital and technology delivery consultancy focused on providing transformational solutions and services to Swiss banks, financial technology firms and companies in the financial services sector.
The transaction will complement and extend Capco’s existing client offerings with digital and technology capabilities. Aniello Bove, CEO & Managing Partner, Martin Zimmermann, Managing Partner, Roberto Zimmermann, Managing Partner, andrion’s leadership team, and all its staff will be joining Capco. Financial terms were not disclosed.
andrion’s offerings span digitalization, including CX/UX and technologies; automation, such as process and AI services; modernization, including web and cloud solutions; and industrialization, such as Open Banking and service harmonization.
Lance Levy, CEO of Capco, said: “This acquisition further strengthens our offerings to our financial services clients as we help them redefine their business models and customer offerings. It also represents yet another step in our pursuit of targeted acquisitions. I am excited to welcome Aniello and the andrion team to the Capco family.”
Farzine Fazel, Managing Partner EURONEXT & Switzerland at Capco, said: “We are delighted to welcome to the Capco family a group of talented, technology focused professionals who share the desire to assist our financial services clients to accelerate their digital transformation.”
Andrea Hoffmann, Partner for Transformation at Capco Switzerland, said: “andrion is an established company with strong growth potential. The andrion team are respected consultants with extensive experience and in-demand expertise in the digital and AI space, and we have previously worked closely with them on a number of successful projects.”
Dr. Ingo Rauser, Partner for Regulation and Compliance at Capco Switzerland, said: This acquisition expands the end-to-end digital and regulatory solutions we can offer financial services clients inside and outside Switzerland. During the COVID pandemic, we have seen an increasing demand among domestic banks to bring the servicing of complex IT activities back to Switzerland from offshore locations, and together with andrion we are excellently positioned to meet that new demand.”
Aniello Bove, CEO & Partner at andrion, said: “Capco’s focus on business transformation and building solutions to deliver business value aligns perfectly with our own approach. Our decision to join Capco will expand our delivery capability and depth in areas we have been growing, notably digital transformation and AI technologies, and enable us to benefit from Capco’s local and international reach and scale to help us grow and expand the services that we can provide to clients.”