Achmea Investment Management (Achmea IM) has officially completed the acquisition of Blue Sky Group Asset Management.

The acquisition, announced in July 2024, has received regulatory approval and positive advice from the works councils.

“With this acquisition, Achmea IM strengthens its position in the asset management industry and further expands its services,” it said in a statement.

Achmea IM will now provide fiduciary management and asset management for KLM's three pension funds, among others. Additionally, the company welcomes approximately 35 employees from Blue Sky Group, who collectively manage €25bn in assets for over 55,000 participants.

“The completion of this strategic step highlights Achmea IM's leading position in fiduciary management. It brings economies of scale and accelerates the development of impact investing,” is stated.

Blue Sky Group Asset Management has carried out asset management activities for more than 25 years. The acquisition follows Blue Sky Group Asset Management’s announcement in March of its decision to concentrate on pension management.

Commenting in July, Achmea executive board chair, Bianca Tetteroo, said: “This acquisition further solidifies our retirement services strategy, and strengthens our position in the field of asset management.

"With the transition to a new pension system ahead of us in the near future, this acquisition comes at a logical time. Many parties in the pension and asset management industry are currently making strategic choices.”

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