FRANKFURT (dpa-AFX Broker) - A takeover in Colombia by GFT Technologies convinced investors on Monday. The share price of the IT service provider for the financial sector rose by 9.4 percent to 33.54 euros by the afternoon. This meant first place in the small-cap index SDax and the highest price since May 2023.

With the acquisition of Sophos Solutions, GFT Technologies has become one of the three largest providers of information technology for the banking industry in Latin America, wrote analyst Wolfgang Specht from Berenberg Bank. The takeover fits from a strategic point of view and Sophos Solutions is attractively valued.

Warburg Research and Hauck & Aufhäuser Investment Banking also praised the takeover and raised their price targets. With price targets of now 47 and 48 euros respectively for GFT Technologies, both investment houses attest to the share price's upside potential of over 40 percent./bek/men/mis