Temenos AG: additiv acquisition: strengthening the wealth expansion

研报英文原文证据摘录

Temenos AG: additiv acquisition: strengthening the wealth expansion

Accessible version

Temenos AG

additiv acquisition: strengthening the

wealth expansion

Reiterate Rating: BUY | PO: 98.40 CHF | Price: 70.00 CHF

Breaking News 08 June 2026

Equity• Temenos acquires additiv. a mass affluent wealth management platform, to support

ambitions in Wealth. Reit Buy. Frederic Boulan, CFA >>

Research Analyst

• 50/50% cash/equity structure despite limited size (est $10-15mln revenue, c$0.2bn MLI (UK)

EV), but buy backs remain on the table +44 20 7995 7101

frederic.boulan@bofa.com

• Small but fast growth asset with 138% NRR, double digit growth. Ebner/ Patinex Victor Cheng, CFA >>

ownership (25% TEMN, 28% additiv) well flagged Research Analyst

MLI (UK)

+44 20 7996 0272

victor.cheng@bofa.com

Additiv acquisition to strengthen Wealth offering Carla Courthial >>

This morning Temenos announced the acquisition for mass affluent wealth management Research Analyst

platform additiv. The acquisition should help Temenos leverage the underlying trend of 44 77 6120 0059

generational wealth transfer, with a switch in demand towards digital solutions, with EM carla.courthial@bofa.com

in particular being a large and fast growing opportunity. Private banks, a core segment Aditya Buddhavarapu, CFA >>

of Temenos, are also increasingly developing that segment. No terms were disclosed MLI (UK)

beyond marginally accretive to ARR and subscription and SaaS. We view this acquisition +44aditya.buddhavarapu@bofa.com20 7995 7318

as strengthening Temenos Wealth business (c10% of total revenue) with a product able

to unlock faster time to market with 3-6m implementations with industry standards

>12months. Reiterate Buy on: 1/ continued improving execution in 2026/2027 supported