LPA Group, Frankfurt/M., completes the acquisition and integration of the Danish technology company including renaming
LPA, the European market leader in capital market technologies (CapTech), announces that its Scandinavian subsidiary CMP has been renamed LPA Nordics A/S, completing the integration of the Copenhagen technology company which it acquired in the early summer of 2019.
Scandinavia is considered one of the world’s most active and advanced regions with respect to digital transformation. The acquisition of CMP was therefore the next logical step for LPA to position itself well on the Scandinavian market – an important driver for regulatory changes – and to meet the existing demand from local customers.
CMP has since been working very closely with the other LPA locations and the Israeli LPA subsidiary Modelity on various projects and services for the group’s international customer portfolio. This also includes a wide range of activities for further expanding the joint CapTech suite.
To take into account this extensive integration into the LPA Group as well as this initiated expansion of technological expertise and put a label on it, LPA decided together with the team at CMP to rename the company. This means that the Frankfurt-based group is reinforcing its focus and commitment for the Scandinavion region to fully exploit the growth potential in the Nordic countries and support local customers even better. Among other things, this affects asset management, pension funds and insurance.
Stefan Lucht, co-founder of LPA: “For the whole LPA Group, Scandinavia continues to be one of the most important strategic regions. With the acquisition of CMP, we succeeded in considerably strengthening our presence here and establishing a sustainable footprint in the north of Europe. Renaming CMP as LPA Nordics is therefore not mere lip service but the next logical step to further strengthen our positioning here under a single name.”
Lotte Mollerup, Managing Partner at LPA Nordics: “For CMP renaming the company to LPA Nordics is an important step . Now that we are operating under a single flag in Scandinavia, we can also combine the strengths of the old CMP and our parent company LPA. Their global reach and technologically driven innovations strengthen our position and possibilities to further transform the Danish and the entire Nordic capital market sector.”