GFT Technologies completed the acquisition of targens from LBBW.

GFT Technologies, an IT service management company, completed the acquisition of targens, a consulting, compliance solutions and digital innovation firm, from LBBW, a commercial banking company. Financial terms were not disclosed. “Compliance and regulatory issues are becoming increasingly important for companies in all industries worldwide. The competence of targens combined with the global positioning of GFT will result in great opportunities for GFT, both for our new colleagues and for our clients,” Jens-Thorsten Rauer, GFT Technologies Group Chief Executive Central and Western Europe.