Allen & Overy has advised Converge Technology Solutions Corp. on the deal.
Converge Technology Solutions Corp. (“Converge”), the Toronto Stock Exchange listed software-enabled IT & Cloud Solutions provider with headquarters in Toronto and Gatineau, Canada, acquired three organizations from the German digital and IT space.
Converge intends to acquire Gesellschaft für digitale Bildung mbH (“GfdB”), an IT services provider headquartered in Hamburg, Germany, as well as Institut für moderne Bildung GmbH (“IfmB”) with headquarters in Tutzing, Germany, and IT manufacturer DEQSTER GmbH (“Deqster”) which is equally located in Hamburg, Germany. All three companies specialize in the education sector and support with their offerings schools and universities in implementing their digital future. GfdB and IfmB are full-service IT suppliers for education, offering everything from hardware and software to advanced training as well as comprehensive technical and consulting services. Deqster specializes in the development and production of equipment for digital learning and working, with a broad portfolio comprising, amongst others, tablet cases, protective sleeves, digital pencils.
GfdB, IfmB and Deqster mark the 32nd acquisition announced by Converge since October 2017 and are still subject to a merger control clearance. With these acquisitions and in combination with previously acquired REDNET GmbH and Visucom GmbH, Converge will be a leading education partner in the German market.
The Allen & Overy team was led by partner Dr Matthias Horn (Picture – Corporate/M&A, Frankfurt) with support from associate Christin Schlorf (Corporate/M&A, Hamburg). Special advice was provided by partners Dr Heike Weber (Tax, Frankfurt), Thomas Neubaum (Banking, Frankfurt) and Dr Boerries Ahrens (Antitrust, Hamburg). Further support was provided by counsel Marie-Luise von Buchwaldt (Corporate/M&A, Hamburg), senior associates Catharina Glugla (Data Protection) and Anna Kraeling (IP/IT, both Dusseldorf) and associates Tom Haeseler (Banking/Finance), Lisa Wantzen (Employment and Benefits), Manuel Koechel (Tax, all Frankfurt), Dr Johannes Hilpert (Data Protection), Katharina Juenemann (IP/IT, both Dusseldorf), Dr Philipp Steinhaeuser (Antitrust, Hamburg), Carl-Philipp Hoepner (Real Estate, Hamburg) and senior transaction officers Laura Thiel and Oksana Daskaliuk (Frankfurt).
Involved fees earner: Boerries Ahrens – Allen & Overy; Catharina Glugla – Allen & Overy; Tom Haeseler – Allen & Overy; Johannes Hilpert – Allen & Overy; Matthias Horn – Allen & Overy; Manuel Köchel – Allen & Overy; Anna Kraeling – Allen & Overy; Thomas Neubaum – Allen & Overy; Christin Schlorf – Allen & Overy; Philipp Steinhaeuser – Allen & Overy; Marie-Luise von Buchwaldt – Allen & Overy; Lisa Wantzen – Allen & Overy; Heike Weber – Allen & Overy;
Law Firms: Allen & Overy;
Clients: Converge Technology Solutions Corp. ;