Austria: Data instead of stock trading: Vienna Stock Exchange takes over Hamburg data service provider North Data
The stock corporation takes over the majority stake in the Hamburg company database. The acquisition fits into the company's strategic realignment - and into the global trend.
The Vienna Stock Exchange has acquired an 80% majority stake in North Data, a Hamburg-based search engine for company data. The exchange's CEO, Christoph Boschan, stated that this move diversifies the company's revenue streams along its core business areas. North Data, founded by Frank-Felix Debatin, provides data on 100 million private companies in 26 European countries and will continue to operate with Debatin as CEO, holding the remaining 20% stake.
The acquisition follows a trend of major stock exchange operators expanding into data and analytics, with the London Stock Exchange Group and Deutsche Börse making similar moves.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
