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AXIAN Group acquires strategic stake in WiASSUR to strengthen African insurance footprint

Sep 26, 2024•10 months ago

Acquiring Company

AXIAN Group

Acquired Company

WiASSUR

KampalaCôte D'ivoireInsuranceFinancial ServicesInsurtechInsuranceFinancial Services

Description

AXIAN Group, through its subsidiary AXIAN Investment, has acquired a significant stake in WiASSUR, an innovative insurance start-up based in Côte d’Ivoire. This acquisition is a key milestone in AXIAN Group’s growth strategy within the insurance sector, aiming to accelerate digitalization and promote financial inclusion across Africa.

Company Information

Company

AXIAN Group

Location

Kampala, Central Region, Uganda

About

AXIAN Group is a pan-African conglomerate with a strong focus on supporting African start-ups and investing in technologies that reflect the Group’s vision and commitment. It has taken a significant step in supporting African start-ups by acquiring a stake in WiASSUR, an innovative insurance start-up based in Côte d’Ivoire.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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