Central and Eastern European insurance group Vienna Insurance Group (VIG) has completed the previously announced acquisition of NÜRNBERGER Beteiligungs-AG.
The process began in the summer of 2025, when VIG announced that it was considering acquiring a majority stake in Nuremberg.
After completing due diligence, VIG launched a voluntary public takeover offer in October 2025 to acquire up to 100% of the share capital for €120.00 per share in cash.
As of the closing, VIG holds 99.2% of Nuremberg’s share capital and voting rights.
Hartwig Löger, CEO and Chairman of the Board of Management of VIG, said: “We are delighted to have received approval faster than expected. We will contribute VIG’s expertise to Nuremberg’s strategic direction and position it as the leading biometric solutions provider within our Group.
“With its strong brand, Nuremberg enriches our broad portfolio of companies and supports our sustainable growth strategy in our core markets of Central and Eastern Europe through diversification into the German market.”
As part of the planned cooperation, VIG intends to support NÜRNBERGER’s strategic transformation into a prevention-focused insurance company and strengthen its role as an innovative provider of biometric products within the VIG network.
VIG will also assist with measures to retain key staff and managers while allowing them to participate in its comprehensive training and development programme.
Harald Rosenberger, CEO of Nuremberg, commented: “As part of the Vienna Insurance Group, we will significantly accelerate our transformation into a preventive insurance company – a strong positioning for our customers, sales partners and employees.