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Schoenherr Advises Atos on Acquisition of Siemens Convergence Creators

Schoenherr Advises Atos on Acquisition of Siemens Convergence Creators

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Schoenherr, working with lead counsel Gleiss Lutz, has advised French IT service provider Atos SE on the planned acquisition of Siemens Convergence Creators GmbH for an undisclosed price. Siemens AS was represented by Hengeler Muller on the deal, which is expected to close at the end of December 2017 and is still subject to the information/consultation process with employee representative bodies and the approval of the relevant regulatory and antitrust authorities. 

Siemens Convergence Creators GmbH is a global digital transformation solutions provider headquartered in Vienna. Schoenherr reports that, "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, [and] multimedia infotainment, as well as space technology."

Schoenherr describes Atos, which is listed on the Paris stock exchange, as "a global leader in digital transformation with approximately 100,000 employees in 72 countries and revenue of around EUR 12 billion in 2016."

In addition to advising Atos in Austria, Schoenherr provided local law advice in Romania and Croatia. The Schoenherr team was led by Vienna-based Partner Florian Kusznier, supported by Vienna-based Attorney Julia Wasserburger and Associate Arzu-Sema Cakmak, Bucharest Partner Madalina Neagu and Attorney George Ivan, and Zagreb-based Attorneys at Law Dina Vlahov-Buhin  and Ivan Einwalter.

The Gleiss Lutz team was headed by Partners Thomas Menke and Marc Seeger.