Kinstellar Advises on Acquisition of ITgen

Kinstellar Advises on Acquisition of ITgen

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Kinstellar has advised Hungarian telecommunications service provider Magyar Telekom Nyrt. and its affiliate T-Systems Magyarorszag Zrt. on the acquisition of ITgen Kft., an SAP technology and security specialist.

The Kinstellar team was coordinated and supervised by Partner Anthony O’Connor, who commented that: "We have had the privilege of advising Magyar Telekom on the transaction which will enable our client to further improve its competitiveness and the level of its services in the Hungarian IT-market."

O'Connor was supported by Kinstellar Partner Peter Voros, who advised on merger control implications, and Managing Associate Akos Mates-Lanyi, who led the Kinstellar team during the negotiations.

Kinstellar informed CEE Legal Matters that it was not authorized to reveal the identity of the sellers, or sellers' counsel.