mVISE AG’s Acquisition of SHS VIVEON AG’s “Professional Services Value” business unit

Heuking Kühn Lüer Wojtek advised on the deal

SHS VIVEON AG signed a contract to sell the “Professional Services Value” business unit to mVISE AG. The transfer will take place as a partial business transfer effective October 1, 2017. The contract is subject to usual conditions precedent.

The purchase price consists of an initial fixed purchase price installment of EUR 3.25 million, purchase price adjustments, and earn-out components, which will be due in 2018 and 2019. By selling the division, SHS VIVEON AG is implementing its strategy of continued focusing on software and products with the objective of positioning itself as a software company.

In addition, the management board resolved to sell up to 129,913 treasury shares in exclusion of shareholders’ subscription rights. The sale will be performed via the stock market and outside the stock market at prices that are not significantly below current market prices.

Munich-based SHS VIVEON AG is listed on the M:access segment of Munich Stock Exchange and is operating at six sites. With some 200 employees and more than 200 customers in 15 countries, the software company is one of Europe’s leading providers of customer management. “Professional Services Value” is part of its product-independent consulting and currently generates annual revenue of about EUR 6.0 million with around 40 employees.

Heuking Kühn Lüer Wojtek advised SHS VIVEON AG with a team including Thorsten Kuthe (Picutre), Kai Erhardt (M&A) and Bernd Weller (Employment).

Involved fees earner: Thorsten Kuthe – Heuking Kühn Lüer Wojtek; Kai Erhardt – Heuking Kühn Lüer Wojtek; Bernd Weller – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;