© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Lumera Acquires ITM to Grow Presence in UK Market
Posted 3rd July 2024

Lumera Acquires ITM to Grow Presence in UK Market

Lumera, a leading insurtech company dedicated to the digital transformation of the European Life and Pensions industry, has entered an agreement to acquire ITM, an independent provider of data management and technology solutions serving the UK Life and Pensions markets.  A major step in Lumera’s international growth strategy and the largest acquisition to date, ITM adds significant presence and capabilities to accelerate growth in the UK Policy Administration Systems (PAS) market. The company has a blue-chip customer base which includes most of the largest UK pension funds, and a team of over 160 professionals who will join Lumera.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Lumera Acquires ITM to Grow Presence in UK Market
businessman signing an agreement close-up


Lumera, a leading insurtech company dedicated to the digital transformation of the European Life and Pensions industry, has entered an agreement to acquire ITM, an independent provider of data management and technology solutions serving the UK Life and Pensions markets. 

A major step in Lumera’s international growth strategy and the largest acquisition to date, ITM adds significant presence and capabilities to accelerate growth in the UK Policy Administration Systems (PAS) market. The company has a blue-chip customer base which includes most of the largest UK pension funds, and a team of over 160 professionals who will join Lumera.

“This is a union of two successful businesses with much in common, and above all, a joint vision for digitalizing the Life and Pensions industry which we serve,” says Jonas Alfredson, CEO of Lumera. “With their combination of industry and tech expertise covering Life and Pensions, data management and pensions dashboards, ITM is a trusted partner to leaders in the UK Life and Pensions space, resembling our status in the Nordic markets. I’m also confident that our teams are complementary and highly compatible in terms of skills, spirit and culture.” 

The acquisition supports Lumera’s strategic objectives for entering new markets, while bringing substantial additions to the offering, including tech-enabled specialist services for data analysis, regulatory compliance assessments, de-risking and liability management, platform data migrations, data quality management, data cleansing and tracing. ITM also offers expert consultancy solutions, helping customers address large-scale and complex transformation with major implications on technology and business models.

ITM brings a skilled, sizable team with expertise across retirement and wealth, pensions administration, and technology. By making an early commitment and substantial investments in the complex, all-new technology essential for connecting to pensions dashboards, ITM is also a leader in the nascent UK Dashboards Programme ecosystem. 

“We believe the time is right for ITM to enter a new phase and a larger context,” says Mark Lecompte, CEO of ITM. “We look forward to Lumera supporting our ongoing growth in the UK pension data market. Strategically and culturally, Lumera provides an excellent match with our organization, as well as with our technology and services portfolios. Together with Lumera, we now look forward to further strengthening our offering to add even more customer value. Lumera has thoroughly impressed us with their PAS technology and their track record from working with customers through major transformation in some of the most competitive insurance and pensions markets.”

Inflexion, a leading European mid-market private equity firm, is the current main shareholder of ITM, together with management and employees. Following the transaction, ITM will be a fully integrated Lumera company. Financial terms of the transaction are not disclosed. 

Categories: M&A, News


You Might Also Like
Read Full PostRead - Eye Icon
Enhancing Sustainability and Efficiency with Commercial Heating Systems
News
19/12/2023Enhancing Sustainability and Efficiency with Commercial Heating Systems

When it comes to heating systems on commercial premises, gas boilers remain the go-to option for businesses of all sizes and industries. These appliances offer the perfect balance of power, performance, reliability, and efficiency, while also allowing for besp

Read Full PostRead - Eye Icon
How to Manage Inventory in Your Laboratory (and Why it’s So Important)
News
01/06/2022How to Manage Inventory in Your Laboratory (and Why it’s So Important)

In a laboratory setting, inventory management is a crucial, albeit boring process. You need to be aware of stock on-hand, inventory available for purchase, and all of the equipment, consumables, supplies, reagents, and other critical assets that are housed in

Read Full PostRead - Eye Icon
Kettani Law Firm – Leading Law Firm in Morocco
Leadership
12/12/2019Kettani Law Firm – Leading Law Firm in Morocco

Kettani Law Firm (KLF) is one of the largest Moroccan independent law firms with 120 staff based in its Casablanca head office.

Read Full PostRead - Eye Icon
Orgenesis Acquires Cell Therapy Manufacturer MaSTherCell for USD25m
Finance
Read Full PostRead - Eye Icon
10 Pitch Deck Tips That Will Make Investors Say Yes
News
28/03/202210 Pitch Deck Tips That Will Make Investors Say Yes

When it comes to pitching, there are a few things better than a good slide deck. There's the sense of apparent certainty that just having an easily navigable slideshow in front of you can give you when you're talking to potential investors or customers.

Read Full PostRead - Eye Icon
Business Transformation – Setting Up For Success 
Innovation
01/04/2025Business Transformation – Setting Up For Success 

Love it or loathe it; business transformation now seems to be a regular, if not constant part of corporate life, as smart organisations adapt to economic shifts, new technologies and ever-evolving expectations from customers and staff.

Read Full PostRead - Eye Icon
8 Reasons Why Your Business Needs a Terms and Conditions Agreement on Your Website
Legal
01/02/20228 Reasons Why Your Business Needs a Terms and Conditions Agreement on Your Website

We’ve all seen terms and conditions agreements. They’re those things you click past when you’re updating iTunes. Unless you’re on the side that’s setting those terms, you probably don’t pay them much attention. That’s okay. I won't judge you.

Read Full PostRead - Eye Icon
Avoiding the merger control blues
Legal
19/06/2018Avoiding the merger control blues

Effective handling of antitrust issues can help businesses bolster their negotiating position—whichever side of the deal they're on.

Read Full PostRead - Eye Icon
What is Regulatory Hosting and How Does it Work?
Finance
29/07/2021What is Regulatory Hosting and How Does it Work?

Regulatory hosting enables businesses to carry out regulated activities without directly being FCA approved. We go into more detail in this article.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow