DATAGROUP Acquires Majority Stake in Diebold Nixdorf Portavis
January, 2020 - Germany
| A team led by Dr. Rainer Herschlein, Partner at Heuking Kühn Lüer Wojtek, advised DATAGROUP SE on the acquisition of 68 percent of the shares in Diebold Nixdorf Portavis GmbH from Diebold Nixdorf, Incorporated. With the acquisition, DATAGROUP expands its existing business with high-quality cloud services and IT operating services in the financial sector. DATAGROUP also aspires to use the merger to achieve faster growth. The parties have agreed not to disclose the purchase price. The transaction is subject to approval by the Federal Cartel Office. Hamburg-based Diebold Nixdorf Portavis GmbH provides IT services for customers in the financial services sector. Its customers are mainly Hamburger Sparkasse, Sparkasse Bremen AG, and Hamburg Commercial Bank AG, which are parties to long-term service agreements. The company employs some 200 people. DATAGROUP SE is a German IT service company designing, implementing, and operating IT infrastructures and business applications. DATAGROUP intends to continue to grow and to optimally integrate new companies. More than 2,500 employees are working for DATAGROUP. Heuking Kühn Lüer Wojtek regularly advises DATAGROUP on transactions. Most recently, the team led by Herschlein advised DATAGROUP on the acquisition of IT-Informatik GmbH in August 2019. Counsel to DATAGROUP SE Heuking Kühn Lüer Wojtek: Dr. Rainer Herschlein, LL.M. (Corporate/M&A, Lead), Benedikt Raisch (Corporate/M&A), both Stuttgart Andreas Schmitt (Corporate/M&A), Cologne Dr. Dirk Stolz, Maike Katharina Hinz (both IT), both Cologne Dr. Markus Klinger (IT), Stuttgart Dr. Sascha Schewiola (Employment), Cologne Dr. Antonia Stein (Employment), Stuttgart Fabian G. Gaffron, Dr. Sarah Slavik-Schulz (both Tax), both Hamburg Dr. Stefan Bretthauer (Antitrust), Hamburg |
