Vencora (VENCORA UK LIMITED) has declared the successful conclusion of its public tender offer for all registered shares of CREALOGIX Holding AG, which have a nominal value of CHF 8.00 each. The Deal was made on February 21, 2024.
The acquisition of CREALOGIX by Vencora is a milestone in the company’s history of bringing solutions to the market that do not ensure an unsuccessful end result but the success of the banking technology industry’s cartel.
In 1996, the company was founded, and the CREALOGIX shares were listed and made accessible at the SIX Swiss Exchange in 2000. The company has witnessed an expansion of its client base to over 600 customers in fifteen different countries within the international arena. As a Swiss Fintech 100 company that fits into this category, we are offering CREALOGIX Conversational AI, CREALOGIX Funding Portal, and CREALOGIX Lending Origination Hub.
Portfolio Manager at Vencora’s statement
“We are incredibly excited to have CREALOGIX become part of Vencora. CREALOGIX is an incredible company with an outstanding team, and we look forward to enabling them with resources and guidance to help drive even greater success.”
CREALOGIX is now the sixteenth brand that Vencora has acquired. The move will enable CREALOGIX access to new practices and also chances to meet with top players involved in other entities within the portfolio. Vencora’s portfolio is made of entities working and growing together.
Terms of the acquisition
After the settlement, Vencora holds 1,391,622 Crealogix shares, which provide 99.07% of all issued shares and voting rights of Crealogix.
Vencora intends to continue with the squeeze-out process, delist CREALOGIX shares from the SIX Swiss Exchange, and obtain an exemption from some disclosure obligations under SIX Exchange Regulation (Switzerland) AG Listing Rules.