Financial services group IFG has bought Swiss firm Gestinor AG for up to €6.5m.

The company said that IFG Suisse will maintain its presence in Geneva and the business of Gestinor will be integrated into its activities.

Gestinor, a specialist financial services company, reported turnover of CHF 3,007,828 (€1.8m) for the year ended 31 December 2006, with profit before tax of €698,206.