The owners of BEC Financial Technologies a.m.b.a. (“BEC”) have concluded a conditional framework agreement under which Nykredit A/S will assume full ownership of BEC.
Nykredit already owns approx. 69% of BEC, and the agreement means that Nykredit will acquire the remaining approx. 31% from the other 12 owners. Once the transaction is completed, Nykredit will transform BEC into a subsidiary that will be part of the Nykredit Group under the name Nykredit Financial Technologies.
The 12 banks that are currently members of BEC will continue as part of the collaboration. Once the transaction has been completed, their IT solutions will be provided by Nykredit Financial Technologies.
Founded in 1964, BEC provides financial technology and IT solutions to the Danish financial sector. BEC has approx. 1,600 employees in Denmark and Poland and is headquartered in Roskilde, Denmark.
The transaction is subject to regulatory approval and the conclusion of partner agreements between Nykredit Financial Technologies and the banks that continue as customers. The transaction is expected to be completed in the second half of 2026.
Accura advised the selling banks in connection with the transaction.
Photo: Nykredit.dk