CMS advised Bechtle AG on the deal.
Bechtle’s IT system integrator business in Austria is acquiring Open Networks GmbH, a Vienna-based IT service provider that specialises in delivering IT infrastructure solutions and application, data centre, security and network services. This move by Bechtle is aimed at bolstering its competitive position as an IT solution and service provider in the Austrian market. The acquisition is currently awaiting approval from the competition authorities. The parties agreed not to disclose the terms and purchase price.
A CMS team headed by lead partner Dr Tobias Schneider (Picture) advised Bechtle AG on all legal aspects of the deal. The team also included Alexander Rakosi, Partner, Corporate/M&A in Austria.
Clients: Bechtle AG;