Austria: Schoenherr advises Atos on acquisition of Siemens Convergence Creators

17 October 2017 | press releases

Schoenherr has advised French IT service provider Atos SE ("Atos") on the planned acquisition of Siemens Convergence Creators GmbH ("CVC"). The parties have agreed not to disclose the purchase price. Closing is expected at the end of December 2017 and is still subject to the information/consultation process with the employee representative bodies as well as the approval of the relevant regulatory and antitrust authorities. In addition to advising Atos in Austria, Schoenherr provided local law advice in Romania and Croatia.

Siemens Convergence Creators GmbH is a global multi-industry digital transformation solutions provider headquartered in Vienna. With its highly skilled engineers and a total headcount of nearly 800 staff, CVC delivers software based solutions in the fields of communication networks, service and customer management, public safety and security, multimedia infotainment, as well as space technology. 

Listed on the Paris stock exchange, Atos is a global leader in digital transformation with approximately 100,000 employees in 72 countries and revenue of around EUR 12bln in 2016.

The Schoenherr team advising Atos was led by Florian Kusznier (partner, Vienna; corporate/m&a), who was supported by Julia Wasserburger (attorney at law, Vienna; corporate/m&a); Arzu-Sema Cakmak (associate, Vienna; corporate/m&a); Madalina Neagu (partner, Bucharest; corporate/m&a); George Ivan (attorney at law, Bucharest; corporate/m&a); Dina Vlahov-Buhin (attorney at law, Zagreb; corporate/m&a); and Ivan Einwalter (attorney at law, Zagreb; corporate/m&a).

Lead counsel to Atos was a Gleiss Lutz team headed by Dr. Thomas Menke (partner) and Dr. Marc Seeger (both corporate/M&A, both Düsseldorf). Siemens AG was represented by Hengeler Müller.