Shares of Aurionpro Solutions rallied more than 5% on Tuesday, 24 December, after the company announced acquiring Fenixys, marking their entry into the European market.

This €10 million all-cash deal will give Aurionpro a 100% stake in Fenixys.  Major banks and financial institutions in the Middle East and Europe can benefit from the capital markets services provided by Fenixys, a consulting firm based in Paris. The company has offices in the UK, Denmark, and the Middle East.

Aurionpro Solutions claims that this acquisition strengthens its banking and fintech strategy to expand its footprint in Europe and the Middle East. 

Ashish Rai, CEO of Aurionpro, said, “This acquisition is not just about expanding our offering portfolio and reach, but rather it is about synergistically merging our strengths—Fenixys’ extensive and deep domain expertise with Aurionpro’s strong IP-led offering— to offer a unique, global portfolio of solutions for the banking and capital markets industry.”

Financially speaking, standalone revenue from operations for the second quarter of the fiscal year 2024–2025 (Q2FY25) was Rs 170.17 crore, a 28.68% increase over the Rs 132.25 crore reported in September 2023. 

The quarterly net profit in September 2024 was Rs 15.44 crore, up 89.02% from Rs 8.17 crore in the same time the year before. From Rs 16.34 crore in September 2023 to Rs 25.81 crore in September 2024, EBITDA grew by 57.96%.

At 12:25 pm, the shares of Aurionpro Solutions were trading 3.02% higher at Rs 1,788.60 on NSE.

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