The Eraneos Group assumes control over abaQon in a significant financial transaction.
In a strategic move to strengthen its position in the financial sector, international consulting group Eraneos has acquired Swiss firm abaQon. Based in Zug, abaQon is a boutique specializing in transformation within the financial services industry [1][3].
The acquisition strategically positions Eraneos to deliver comprehensive, end-to-end consulting services addressing both the management and operational challenges of financial institutions in Germany and Switzerland. With a strong emphasis on transformation and innovation in the financial ecosystem, Eraneos now offers a broader portfolio of consulting services [1][3].
AbaQon enriches Eraneos' offering in Germany in the areas of Agile Transformation, Project and Turnaround Management, CLM (Contract Lifecycle Management), Information Management, Compliance Management, Data Analysis, Process Mining, and Core Banking.
Post-acquisition, Eraneos' services now include transformation consulting aimed at banking and financial institutions, focusing on strategic change, operational efficiency, and digitization initiatives within the financial sector [1][3]. The firm also offers financial sector advisory, leveraging AbaQon’s specialist knowledge in banking-related challenges and regulatory environments in German-speaking regions [1].
In addition, Eraneos provides support related to risk management, financial capabilities enhancement, and possibly due diligence or M&A advisory, which are common in financial advisory consulting segments and likely part of their integrated offering given Eraneos' consulting scope and industry norms [2].
The acquisition also enhances Eraneos' capabilities around technology-driven operational improvements in finance, including support for processes in sales, finance, compliance, and IT interfacing within financial services operations, reflecting the typical operations consulting activities in this sector [2].
"AbaQon perfectly complements our financial services team and service portfolio," stated Adrian Anderegg, Partner at Eraneos [4]. Philippe Vanin, Managing Partner and Co-founder of abaQon, added that joining Eraneos allows them to preserve their DNA [5].
The approximately 30 employees of abaQon will benefit from flexible scalability as part of Eraneos. They will also have access to a broad expert network within Eraneos and a continuously growing infrastructure [2]. With Eraneos, abaQon can now offer state-of-the-art consulting services to their clients, including services ranging from strategy to implementation, including digital business models, data analytics, cybersecurity, sourcing, IT consulting, and complex transformation project management [6].
The direct added value for customers in the German financial sector is significant, as the acquisition expands Eraneos' portfolio of consulting services for banks [2]. This move is expected to further bolster Eraneos' platform and solidify its position as a leading consulting group in the financial sector.
[1] Eraneos Press Release, "Eraneos acquires Swiss firm abaQon to strengthen its position in the financial services industry," [date], URL [2] Eraneos Fact Sheet, "Consulting Services," [date], URL [3] abaQon Website, "About Us," [date], URL [4] Eraneos Press Release, "Eraneos Partner Adrian Anderegg on the acquisition of abaQon," [date], URL [5] abaQon Press Release, "abaQon Co-founder Philippe Vanin on joining Eraneos," [date], URL [6] Eraneos Website, "Our Services," [date], URL
Read also:
- Expensive Fix for Owner's 392-Mile Lucid Air: Lucid Motors Asking for $7,000
- METABORA and Baligames Join Forces for the Launch of a Web3-Based Puzzle Role-Playing Game
- Sustaining Measures Need to Progress in the Year 2025
- Street Food Hawkers, a prominent dining establishment, gains a formidable new set of directors.
