Delen Private Bank has agreed to acquire 100% of Servatus Vermogensmanagement in the Netherlands, which manages over €700 million in assets.
Following the acquisition, Servatus - which was established in 2010 - will operate under the Delen Private Bank brand.
The transaction is expected to be completed within the year, but financial details have not been disclosed.
Delen is majority-owned by Antwerp-based holding company Ackermans & van Haaren (79%) and the Delen family (21%). The group operates in five countries and managed total assets of €66.9 billion at the end of 2024.
It entered the Dutch market in 2016 by acquiring Oyens & Van Eeghen. Servatus will mark its seventh acquisition in the Netherlands.
According to Delen CEO Michel Buysschaert, assets under management in the Netherlands have reached over €4 billion, driven by acquisitions, organic growth, and stock markets.
He added that Delen is open to further acquisitions and aims to establish a presence in major cities across the country.
