Acuity Knowledge acquisition news – London-based Acuity Knowledge Partners Acquired PPA Group

PPA is a leading technology service provider for the financial industry in Germany and Switzerland, focusing on the customized structuring of global financial and ESG data for commercial lending and ESG analysis.

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With offices in Darmstadt (Germany) and Zurich (Switzerland), PPA has been helping leading European banks better understand and use complex corporate data for over 20 years. PPA's proprietary AI and algorithm-based technology and its employees' in-depth expert knowledge deliver precise, cost-effective and reliable results for a growing customer base.

Robert King, Chief Executive Officer of Acuity Knowledge Partners said, “Advanced, accurate and timely data processing to support financial institutions in their commercial lending operations is a key growth area for Acuity. The acquisition of PPA Group is a strategic investment that underscores Acuity's commitment and growing presence in supporting best practices in commercial lending. I also look forward to working with PPA's highly experienced management team to scale their business and bring their capabilities to Acuity's global client base, Our combined platform will provide clients with a market-leading service, and we look forward to integrating PPA's innovative use of AI and machine learning into our solution portfolio. The acquisition also gives us an established presence in two key European financial markets, Germany and Switzerland."

Heimo Saubach, Chief Executive Officer of PPA Group , said: "We have built a first-class service offering for outsourcing customized data extraction and preparation for European financial service providers. By joining Acuity Knowledge Partners, we can expand our service offering in terms of content and region and offer additional added value to our existing customer base. In addition, we can combine our in-depth knowledge of the use of AI platforms with that of Acuity to develop new and market-leading solutions. Acuity and PPA have the same mission: to be a strategic and reliable partner for our customers and an excellent place to work for our employees. We are very pleased to become part of Acuity and are convinced that we will make important contributions to the successful development of Acuity Knowledge Partners."

About Acuity Knowledge

Acuity Knowledge (Acuity) is a leading provider of customized research, analytics and technology solutions for the financial services sector, including asset managers, corporate and investment banks, private equity and venture capital firms, hedge funds and advisory firms.

Its global network of over 6,000 analysts and industry experts, combined with proprietary technology, helps more than 600 financial institutions and advisory firms operate more efficiently, develop and leverage the skills of their employees and transform their operations.

About PPA Group

The PPA Group is a leading technology partner and service provider for the digitization and processing of corporate data for the financial industry. More than 50 financial companies from the DA-CH region have outsourced data processing for internal bank decision-making processes to PPA.

Around 150 experts at the locations in Darmstadt (D) and Zurich/Glattbrugg (CH) process more than 300,000 documents annually. PPA combines the capabilities of artificial intelligence and trained experts in a hybrid process approach.