The takeover emphasizes Aquin's strong commitment to the French market and is in line with the company's international expansion strategy.

By raising its stake in Aquin France S.A.R.L from 20 per cent to 100 per cent, Aquin Components wants to further expand its leading position in the French compliance market.

Philippe Smolders, Aquin Country Manager for France since 2001, will remain in his role. Mr Smolders will lead the further development of Aquin's product portfolio in France and create a service offering precisely tailored to the French Asset Management industry.

Aquin France S.A.R.L., which was founded in 2001 as Aquin's French subsidiary, will be transformed into a Société par Actions Simplifiée (S.A.S.). All existing French employees will be transferred to Aquin France S.A.S.

«We are incorporating a terrific business in a region that offers us great opportunity - France. By fully integrating our French team into Aquin's global operations and sharing our experiences and knowledge, we will be able to lead the market, outpace competition and satisfy clients. We all look forward to the success stories to come», comments Roman Harbich, Managing Director and COO at Aquin.

Aquin France counts among its clients major players such as MMA Finance, La Banque Postale Asset Management, AGF Asset Management, Crédit Suisse Paris, DWS Paris, Caceis Bank, Caceis Fastnet, BNP Paribas Asset Management.