Vienna Insurance Group has completed its acquisition of NÜRNBERGER Beteiligungs-AG after receiving all regulatory approvals. VIG said the transaction is the largest in the company’s history.
The deal gives VIG 99.2% of NÜRNBERGER’s share capital and voting rights. The group said the acquisition adds diversification through the German market and supports growth in its Central and Eastern European business.
VIG first announced in summer 2025 that it was evaluating the purchase of a majority stake in NÜRNBERGER. After due diligence, it launched a voluntary public purchase offer for up to 100% of the share capital in October 2025.
Hartwig Löger, CEO and chairman of VIG’s managing board, said approvals came faster than expected. He said VIG will contribute its expertise to NÜRNBERGER’s strategic direction and position it as a leading provider of biometric solutions within the group.
We are delighted that we managed to obtain the approvals faster than expected. We will contribute VIG’s expertise to the strategic direction of Nürnberger and position it as a leading provider of biometric solutions also within our Group.
Hartwig Löger, CEO and Chairman of the Managing Board of VIG
“With its strong brand, Nürnberger enriches our broad portfolio of companies and supports our sustainable growth strategy in the core CEE market via increased diversification through the German market.”
Löger said NÜRNBERGER’s brand strengthens VIG’s portfolio. He also said the German business supports VIG’s sustainable growth strategy in its main CEE market through broader diversification.
Harald Rosenberger, CEO of NÜRNBERGER, said joining VIG will accelerate the company’s transformation into a prevention insurer. He said the positioning should benefit customers, sales partners, and employees.
As part of Vienna Insurance Group, we will significantly accelerate our transformation into a prevention insurer – a strong positioning from which our customers, our sales partners and our employees will benefit.
Harald Rosenberger, CEO of Nürnberger
VIG said its model is based on multiple brands and local entrepreneurship. The group said that approach fits with keeping NÜRNBERGER’s locations and preserving the identity of its brand.
Vienna Insurance Group is the leading insurance group in Central and Eastern Europe. It serves more than 33 mn customers through over 50 insurers and pension funds in 30 countries.
