Odewald KMU II’s Acquisition of GIATA GmbH

Heuking Kühn Lüer Wojtek advised investment firm Odewald KMU II on the deal

As a leading provider of non-bookable content, GIATA has been supporting its customers from the tourism industry since 1996, continually setting new standards in hotel content processing and distribution. Its modular product range allows GIATA to offer complete solutions tailored to individual customers. GIATA combines innovative technologies such as artificial intelligence and digital fingerprints with meticulous manual research. Customers from more than 70 countries include almost all internationally renowned tour operators and travel agency chains, online travel agencies, global travel distribution systems, and international travel portals. GIATA has thus established itself as the leader in the segments served by the company in the fast-growing global tourism market.

To support further growth, the founding shareholders have entered into a partnership with Odewald KMU, Berlin, an investment firm specializing in high-growth medium-sized companies. Odewald KMU has acquired a majority stake in GIATA. The founding shareholders have acquired a significant stake in the company and will be available to the company on a long-term basis. It is the common objective of the shareholders to continue the company’s sustainable expansion with the existing product range in the coming years and to successfully position the product innovations currently being launched on the market. The parties have agreed not to disclose the amount of the investment or its additional details.

The Odewald KMU II fund has a volume of EUR 200 million and invests in high-growth medium-sized companies. It focuses on companies in the fields of “German engineering,” intelligent services, and health. Most recently, Odewald KMU II invested in Langer & Laumann Ingenieurbüro GmbH and heizkurier GmbH in January 2018 with the support of Pär Johansson’s team. In addition, Kristina Schneider has just successfully concluded her advice on the first add-on acquisition for heizkurier GmbH.

Heuking Kühn Lüer Wojtek advised Odewald KMU II with a team including Pär Johansson (Picture), Kristina Schneider, Christoph Schork, Tim Remmel (Corporate/M&A), Sascha Schewiola (Employment), Verena Hoene, LL.M. (IP), Philip Kempermann and Michael Kuska (IT).

Involved fees earner: Pär Johansson – Heuking Kühn Lüer Wojtek; Kristina Schneider – Heuking Kühn Lüer Wojtek; Christoph Schork – Heuking Kühn Lüer Wojtek; Tim Remmel – Heuking Kühn Lüer Wojtek; Sascha Schewiola – Heuking Kühn Lüer Wojtek; Verena Hoene – Heuking Kühn Lüer Wojtek; Philip Kempermann – Heuking Kühn Lüer Wojtek; Michael Kuska – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: Odewald KMU;