Acuity Knowledge Partners (Acuity), a leading global provider of bespoke research, data management, analytics, and artificial intelligence (AI) solutions for the financial services sector, has announced the acquisition of Ascent, a prominent European provider of AI-powered digital transformation services. The transaction, expected to close on September 30, 2025, marks a strategic expansion of Acuity’s Data and Technology Services (DTS) division and significantly enhances its capabilities in AI and technology-led solutions. Ascent, founded in 2005 and headquartered in the UK and Munich, employs 550 specialists in data, software, and cloud technologies across seven European countries. The company serves over 170 clients globally, including major firms in finance, healthcare, manufacturing, and retail. Its expertise lies in helping organizations connect data, software, and cloud platforms to drive innovation, operational efficiency, and competitive advantage through AI, data science, and user experience design. Robert King, CEO of Acuity, described the acquisition as a transformative moment, stating it elevates Acuity’s ability to deliver innovative AI-driven solutions. He emphasized that the integration of Ascent’s market-leading European capabilities with Acuity’s global research and analytics strength will accelerate digital transformation and AI adoption for clients. The deal also allows Acuity to enter new sectors for the first time, including reinsurance, pharmaceuticals, manufacturing, and retail, while expanding its delivery footprint into new markets. Jon O’Donnell, Acuity’s Chief Operating Officer, highlighted that the acquisition builds on the success of Acuity’s Agentic AI platform, Agent Fleet. He noted that Ascent’s expertise will strengthen Acuity’s ability to deliver best-in-class technology advisory services, enabling deeper client engagement and faster innovation. Stewart Smythe, CEO of Ascent, welcomed the partnership, calling it a natural fit that aligns with Ascent’s strategic goals. He praised Acuity’s vision to create a global technology services business that complements existing client relationships and supports long-term growth. The acquisition strengthens Acuity’s global network, which already spans 16 locations worldwide and includes over 6,500 analysts and industry experts. It also deepens Acuity’s alliance with Microsoft, a key partner for Ascent. The transaction was advised by DC Advisory for Acuity and Canaccord Genuity for Ascent. Acuity was established as an independent entity from Moody’s Corporation in 2019 and later acquired by Equistone Partners Europe. In January 2023, Permira funds acquired a majority stake, with Equistone retaining a minority position. This move reflects a broader industry trend where data and AI service providers consolidate to offer end-to-end digital transformation solutions. By combining Ascent’s deep European technical expertise with Acuity’s global reach and financial sector focus, the merged entity is positioned to become a dominant force in AI-driven services across industries. The integration will enable clients to leverage advanced data strategies, scalable AI platforms, and seamless technology implementation, driving innovation and operational excellence.