Digital Transformation | Structured Products
Written by Christopher Garner
Sep 25, 2020
About one year after the acquisition, the specialist for process automation, document management and securities solutions EffCom AG is being completely transferred as brand and legal entity to Lucht Probst Associates GmbH. Since November 2019, the long-established Baden-Württemberg company has already been operating under the umbrella of the LPA Group, but still under its own name EffCom AG. With the planned merger, both companies take into account the close cooperation of the last year and open up the possibility to intensify this even more in the future by simplifying and synchronizing bureaucratic processes. With this step, the LPA Group would also like to expressly reaffirm its commitment to the EffCom management, employees and customers.
Together with EffCom board member Peter Zugmantel, who will remain on board after the merger as head of the Ludwigshafen site, the LPA Group is pursuing with great intensity the goal of becoming the world’s leading developer and provider of technology-based capital market solutions and playing a decisive role in shaping the transformation of the capital markets.
The purely formal legal act of the merger has no impact on customers and employees. All current EffCom employees will in future be employees of Lucht Probst Associates GmbH, which will then also be the contractual partner for all EffCom AG customers. The product portfolio around innovative software solutions will also remain unchanged and will in future only trade under the name of Lucht Probst Associates GmbH.
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