SkySparc Acquires Covarius and Uniun to Expand Treasury Solutions

Bregal Milestone-backed SkySparc, a global provider of digital transformation solutions for treasury and finance institutions, has acquired Covarius Group Limited and Uniun Technology Limited, marking a significant step in its European expansion and product enhancement strategy. The transaction was announced on April 22, 2026, though financial terms were not disclosed.

Covarius and Uniun operate complementary businesses that together enable a more comprehensive, end-to-end treasury solution. Covarius, founded in 2016 and headquartered in London, is a boutique technology consultancy specialising in the implementation and optimisation of treasury management systems. It maintains deep partnerships and a well-established global presence, serving corporate treasury teams with large-scale transformation projects.

Uniun, established in 2020 as an offshoot of Covarius, offers a real-time, API-based integration platform focused on ERP-to-TMS connectivity and cash forecasting. Its platform leverages artificial intelligence and data science to enhance automation and predictive capabilities for treasury workflows.

By combining these capabilities with SkySparc’s existing OmniFi platform and global delivery model, the enlarged group aims to provide treasury and finance teams with a single accountable partner across strategy, implementation, and technology. This integration is designed to improve cash visibility, strengthen cash flow prediction, and increase automation, thereby maximizing the value derived from existing technology investments.

Joakim Wiener, CEO of SkySparc, stated, “This is a proud day for everyone at SkySparc. The acquisitions mark a significant step forward in our growth journey, expanding our presence across key markets and strengthening the depth of support we can offer treasurers navigating increasingly complex operating environments. Welcoming Covarius and Uniun gives clients a single accountable group guiding both the thinking and the technology, with OmniFi continuing to evolve at pace as the anchor of our wider proposition.”

Andrew Marshall, Managing Partner at Covarius, added, “Our decision to join SkySparc came down to a shared philosophy about how great treasury outcomes are delivered. Covarius has built strong momentum in recent years, and becoming part of a larger international group gives our consultants and engineers a broader canvas on which to serve clients at scale, including in markets where we have not historically had a presence. I am particularly pleased about what this means for our people, who now gain access to a wider network of specialists and a clearer path to grow their careers.”

Gareth List, CEO of Uniun, commented, “Uniun was created to tackle the most complex data and integration challenges in corporate treasury, and that focus will continue to strengthen from here. SkySparc’s scale and reach accelerate what we have been working towards, particularly across AI, advanced analytics, and intelligent automation. For treasury and finance teams navigating ever more complex ecosystems, this combination opens up practical new ways to turn information into action.”

The acquisitions align with SkySparc’s long-term strategy to build an integrated technology and advisory suite dedicated to corporate treasury. The combined offering is expected to accelerate innovation through enhanced R&D efforts and leverage sustainability trends to attract new clients. Operational synergies include consolidating overlapping technology infrastructure and streamlining sales and marketing efforts.

Market analysts note that this move strengthens SkySparc’s position as a leading treasury digital transformation provider in Europe, increasing competitive pressure on other providers and accelerating industry consolidation. However, integration challenges remain, including aligning technology platforms, managing cultural integration, and maintaining client service levels during the transition.

Financial details such as deal value and multiples were not disclosed. The transaction is expected to proceed with integration plans focused on unifying the platforms and expanding client services. Regulatory approvals were not mentioned, suggesting a straightforward process.

Looking ahead, SkySparc aims to leverage the combined capabilities of OmniFi, Covarius, and Uniun to deliver a unified treasury technology suite globally, enhancing automation, data intelligence, and client outcomes in an increasingly complex financial environment.