Alpha Group International closes Cobase acquisition
Alpha Group International plc, a provider of financial solutions to corporates and institutions, today announced the completion of the acquisition of Transaction Services B.V (“Cobase”).
This follows the receipt of approval from the Dutch Central Bank and fulfilment of all other closing requirements.
The initial consideration of €9.6 million for 85% of the company has been paid in full using Alpha’s existing cash resources, with the remaining stake to be acquired via a performance-based earn-out between 2025 and 2028.
Founded in 2017, Cobase is an innovative, cloud-based provider of bank connectivity technology that enables corporates to manage their banking relationships, accounts, and transaction activity via one single interface. In doing so, the company unlocks significant operational and financial efficiencies, especially for international businesses with multiple banking counterparties across the world.