Vinga Group welcomes SIP Nordic

Vinga Group has entered into an agreement to acquire a majority stake in SIP Nordic Fondkommission AB. The deal is part of Vinga’s growth strategy, allowing the company to expand its value chain while broadening its market offering.

”We are very pleased with the opportunity to acquire a majority stake in SIP Nordic Fondkommission AB. The acquisition of SIP is an excellent complement to Vinga as several of the Vinga companies are already tied agents to SIP Nordic. This acquisition is a good example of how we make add-on acquisitions in our Hub companies in accordance with our business model,” comments Joakim Winggren, Chairman of Vinga Securities Holding AB and portfolio company manager for Vinga Group in Navigo Invest AB (publ).

SIP Nordic is a Swedish privately-owned, licensed securities company founded in 2006. The company has about 20 employees and is headquartered in Stockholm.

”For us, the deal brings direct synergies as SIP Nordic and Vinga largely share operational flows. It also lets us accelerate our future goal of expanding our managed capital with businesses within Asset Management and Wealth Management,” comments Joakim Winggren.

The acquisition is expected to be completed after approval by the Financial Supervisory Authority as well as completed due diligence.

Read the press release here (in Swedish).