Acuity Knowledge Partners to acquire PPA Group.

Acuity Knowledge Partners, a provider of research, analytics and technology solutions to the financial services sector, agreed to acquire PPA Group, a technology partner and service provider for the digitalization and preparation of corporate data on behalf of financial service providers. Financial terms were not disclosed. “We have built a best-in-class data extraction and processing business serving European lending customers. Becoming part of Acuity Knowledge Partners will allow us to expand our market share globally and provide additional value to our existing customer base. It also means we can combine our advanced understanding of AI platforms with that of Acuity to create new and market-leading solutions. Acuity and PPA share the same mission of being a strategic and trusted partner to our customers and a great place to work for our employees. We feel very comfortable becoming part of Acuity and are confident that we can add value to our common endeavours,” Heimo Saubach, PPA Group CEO.