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StatPro Group acquires ODDO BHF's regulatory risk services bureau

London-based StatPro Group PLC acquired Paris-based ODDO BHF SCA's regulatory risk services bureau for an undisclosed cash sum.

The bureau will be added to cloud-based analysis and asset pricing services provider StatPro's Revolution platform and adds 10 clients to StatPro's client base in Germany and Luxembourg. The acquired business has annualized recurring revenues of about €1.7 million and is expected to enhance group adjusted EPS in 2019.

StatPro will take on the employees of the division in Frankfurt, where they will be integrated with StatPro's existing operations.