CHSH Cerha Hempel Spiegelfeld Hlawati has advised red-stars.com data AG on the expansion of its M2M telecoms segment by means of an acquisition of a 50% stake in Freeeway GmbH and on the capital increase by subsidiary Machine & Voice Communication GmbH resulting from a new investment by KLK Holding Ltd.
According to CHSH, "both transactions concerned issues relating to corporate and IP law and both were completed in December 2017."
Machine & Voice Communication (MAVOCO) is an operator and manufacturer of an IoT connectivity cloud which it makes available to network operators, MVNOs, resellers, and corporate customers worldwide. According to CHSH, "the MAVOCloud brings together a number of communications service providers with businesses such as utility companies, device and equipment manufacturers or companies from the industrial sector. All of the parties involved in an IoT value chain benefit greatly from the access they have to a global connectivity portfolio which makes unified management and billing software available to them wherever they are in the world."
CHSH describes Freeeway as "an M2M communications service provider (operating both as a MVNO and a MVNE) that specializes in servicing the needs of clients in the telematics, telemetry, and logistics industries. The business combines telecommunications know-how with a huge wealth of experience of all road and railway transportation. Freeeway offers local, regional and global M2M connectivity solutions based on its MAVOCloud service. The wide connectivity portfolio of Freeeway offers an optimum technical and commercial solution for all requirements."
The CHSH team advising red-stars.com data AG and Machine & Voice Communication GmbH was led by Attorney Raphaela Zachbauer, supported by Senior Associate Nadine Leitner.
