Tuio completed the acquisition of Spanish insurance mediation business of Luko.

Tuio, an insurance company, completed the acquisition of Spanish insurance mediation business of Luko, a provider of home insurance and security technology. Financial terms were not disclosed. "With this transaction, we will offer our customers not only the same service, but also the strong local expertise that Tuio brings to the table. In addition, as shareholders, we want to continue to work closely together in terms of business and technology expertise," Raphaël Vullierme, Luko CEO.