Converge Technology Solutions Corp.’s Acquisition Of REDNET AG

Allen & Overy has advised Converge Technology Solutions Corp. on the acquisition of REDNET, assisted by King & Wood Mallesons.

Converge Technology Solutions Corp., the Toronto Stock Exchange listed software-enabled IT & Cloud Solutions provider with headquarters in Toronto and Gatineau, Canada, acquired a majority interest in REDNET AG, an IT services provider headquartered in Mainz, Germany.

REDNET is the first European acquisition of Converge and the 23rd acquisition announced by the company. The addition of REDNET to Converge’s corporate portfolio is significant, as it marks Converge’s official expansion into Europe and is expected to greatly increase Converge’s ability to serve clients globally. Founded in 2004, REDNET specializes in serving education, healthcare, and government/public sectors, providing detailed advice, economic planning, smooth logistics, and fast service to their clients. 

The Allen & Overy’s team was led by partner Dr Matthias Horn (Picture) with support from associates Dr Matthias Taggeselle (both Corporate/M&A, Frankfurt) and Christig Schlorf (Corporate/M&A, Hamburg) and comprised partner Dr Heike Weber (Tax), as well as counsel Dr Sebastian Schulz (Employment and Benefits, both Frankfurt). Further support was provided by senior associate Catharina Glugla (Data Protection) as well as associates Anna Kraeling (IP/IT, both Duesseldorf), Tom Haeseler (Banking/Finance), Anna Jung (Public Law), Lisa Wantzen (Employment and Benefits), Sven Bischoff (Tax) and transaction support lawyer Laura Thiel (all Frankfurt).

The KWM team included Dr. Michael Roos, Dr. Tilmann Becker, Lorenz Liebsch, Simon Brandt (PSL), Dr. Katrin Thoma, Markus Herz, Damian Thiele, Julian Buhr (PSL) (all Corporate/M&A), Markus Hill, Rüdiger Knopf, Viktoria Rosbach (all Tax), Daniel Ehret, Dr. Stephan Klein, Zuhal Uysal (PSL) (all Finance)

Involved fees earner: Sven Bischoff – Allen & Overy; Catharina Glugla – Allen & Overy; Tom Haeseler – Allen & Overy; Matthias Horn – Allen & Overy; Anna Jung – Allen & Overy; Anna Kraeling – Allen & Overy; Christin Schlorf – Allen & Overy; Sebastian Schulz – Allen & Overy; Matthias Taggeselle – Allen & Overy; Lisa Wantzen – Allen & Overy; Heike Weber – Allen & Overy; Tilmann Becker – King & Wood Mallesons; Julian Buhr – King & Wood Mallesons; Daniel Ehret – King & Wood Mallesons; Markus Herz – King & Wood Mallesons; Markus Hill – King & Wood Mallesons; Stephan Klein – King & Wood Mallesons; Rüdiger Knopf – King & Wood Mallesons; Michael Roos – King & Wood Mallesons; Viktoria Rosbach – King & Wood Mallesons; Damian Thiele – King & Wood Mallesons; Katrin Thoma – King & Wood Mallesons; Zuhal Uysal – King & Wood Mallesons;

Law Firms: Allen & Overy; King & Wood Mallesons;

Clients: Converge Technology Solutions Corp. ; Rednet AG;

Giulia Di Palma

Author: Giulia Di Palma