Czech Republic: Schoenherr advises Celonis SE on acquisition of Integromat group
Schoenherr advised Celonis SE ("Celonis"), a global leader in process mining software, on the acquisition of Czech Integromat, s.r.o. and its subsidiaries, one of the most progressive providers of automation software. The acquisition allows Celonis to achieve full synergy in the provision of process mining services offering professional automation solutions.
"We were delighted to support Celonis in this landmark transaction on the Czech market," said Vladimír Čížek, partner at Schoenherr Prague and team leader. "Despite the multifaceted nature of the deal, including complex tax structure, we managed to close the transaction in an extremely short time frame."
Schoenherr's Prague office provided complex transactional advise to Celonis, including due diligence, transaction structuring and transaction documentation drafting and negotiation. As a result of the transaction some of the sellers remain in managerial positions at Integromat to collaborate on the future development of the company.
Celonis, founded in Germany in 2011, is the market leader in enterprise performance acceleration software. Its process mining technology helps organisations eliminate operational friction and become a superfluid enterprise. Celonis serves customers in the automotive and industrial, banking, wholesale and retail, insurance, and telecommunication sectors.
Integromat, s.r.o. is a Czech-based provider of automation software established in 2013. The company's software automates processes usually handled manually. It is capable of connecting apps as well as transferring and transforming various data. The software is used by well-known companies to improve and speed up their processes.
The Schoenherr team advising on the transaction was led by Vladimír Čížek (partner) and Jiří Marek (attorney at law). The team further consisted of Rudolf Bicek (attorney at law), Eva Bajáková (attorney at law) and Marie Gremillot (attorney at law).
Comprehensive legal advice on US elements of the transaction was provided in collaboration with Davis & Polk US' tax and M&A teams.
Shareholders of Integromat, s.r.o. were represented by Czech law firm Novalia.