Binder Grosswang has advised Software AG on the sale of its Austrian SAP Consulting business to the Scheer Group. The value of the deal was not disclosed.
Software AG is an international software company with headquarters in Darmstadt. According to a Binder Grosswang press release, the sale of the SAP consulting business reflected "the desire to focus on product innovation." The Scheer Group is a network of high-growth IT companies.
The Binder Grosswang team consisted of Partners Michael Lind, Horst Lukanec, Johannes Barbist, and Christian Wimpissinger, and Associates Markus Pinggera, Christian Dax, and Elisabeth Steiner, and Trainee Lawyer Walter Loukota.
The Scheer Group was advised by Milbank and Eisenberger & Herzog.