Infosys has completed its previously announced acquisition of a 75% stake in ABN AMRO Bank subsidiary Stater.

Stater provides end-to-end mortgage administration services across the Netherlands, Belgium and Germany.

It operates across the mortgage and consumer lending value chain including loan origination, servicing and collection.

In March this year, Infosys signed the agreement to acquire the majority stake in the firm for €127m.  ABN AMRO will continue to own the remaining 25% interest.

The closing also confirms the Infosys and ABN AMRO strategic partnership. The Indian IT firm aims to strengthen its position as a tech-support provider across the mortgage services value chain.

It aims to leverage Stater’s experience in the mortgage services market and combine its technical capabilities to offer differentiated solutions to the mortgage market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

While announcing the deal, Stater managing director Erwin Dreuning said: “We are eager to welcome Infosys as a new shareholder. As they are already active in mortgage administration services, Infosys offers specific expertise.

“The combined forces of ABN AMRO, Infosys and Stater ensures we have a solid basis to pursue our plans for further development of our service offering. Furthermore, it opens up opportunities for us to grow and service other clients.”

Stater, which was founded in 1997, services around 1.7 million mortgage and insurance loans for approximately 50 clients.