Wolf Theiss and Garrigues have advised the shareholders of Tag Systems S.A. on the sale of the company to Austriacard and their entrance into a joint venture with Austriacard. The transaction closed on December 4, 2019. The buyers were advised by Garger Spallinger.
Austriacard Holdings is a family-owned holding group of companies that specializes in digital security, information management, and Internet of Things.
Tag Systems S.A. is an Andorran stock corporation payment card specialist, providing personalization and fulfillment services through service offices in Spain, Poland, the UK, and North and South America.
Wolf Theiss advised the TAG shareholders in connection with structuring of the transaction as well as drafting and negotiating all transaction documents governed by Austrian law. The firm's team was led by Partner Sarah Wared and included Partner Hartwig Kienast and Associate Vilma-Reeta Kivilahti.
The Garger Spallinger team was led by Partner Forrest Spallinger.