DGAP-News: JDC Group AG: JDC Group subsidiary Jung, DMS & Cie. AG acquires all the shares of data analytics and comparison software company MORGEN & MORGEN GmbH
Retrieved on:
Wednesday, June 23, 2021
Jung, DMS & Cie. AG, a wholly-owned subsidiary of JDC Group AG, has signed a purchase contract to acquire all the shares of MORGEN & MORGEN GmbH in an all-cash transaction to be financed by internal resources.
Key Points:
- Jung, DMS & Cie. AG, a wholly-owned subsidiary of JDC Group AG, has signed a purchase contract to acquire all the shares of MORGEN & MORGEN GmbH in an all-cash transaction to be financed by internal resources.
- For internal insurance comparisons and analytics, ratings and rankings, producers regularly use data and calculations from MORGEN & MORGEN.
- MORGEN & MORGEN itself will be an independent company within the JDC Group and continue to concentrate on independent data analytics and software development.
- New products resulting from the collaboration between JDC and MORGEN & MORGEN will continue to be freely available in the market as MORGEN & MORGEN products.