Luxembourg firm Kneip acquires UK technology company
Fund management firm Kneip has acquired UK technology business Dataglide, the Luxembourg company announced on Thursday.
The acquisition aims to bring more technology in-house, such as cloud computing that Dataglide specialises in, Kneip said in a statement.
The Luxembourg company, which was set up in 1993, helps manage over 10,000 funds for asset managers across more than 40 countries, it said.
The takeover comes just 18 months after Kneip announced that it would cut its headcount by a third, laying off 70 employees.