Proximus’s acquisition of Codit

Pestalozzi and Liedekerke have advised Proximus, the largest telecommunications company in Belgium, has acquired Codit, a Belgium-headquartered IT services company and a market leader in business application integration, API Management, Microsoft Azure and Internet of Things.

Proximus is Belgium’s largest telco, turning over $1.8bn (€1.5bn) in 2017, and employing around 14,000 staff. The company is publicly listed and is 53 per cent owned by the Belgian state.

€20m-turnover Codit has more than 160 staff across locations in Belgium, the Netherlands, France, Switzerland, the UK, Portugal and Malta.

Pestalozzi advised Proximus as to Swiss law with a team led by Beat Schwarz (Partner – Corporate / M&A, in picture) and Nils Harbeke (Partner – Tax), assisted by Nikolaus Thaddaeus Paumgartner (Associate – Corporate / M&A), Julian Klaeser (Associate – Tax).

Liedekerke advised Proximus on the deal with a team led by Corporate & Finance Group Head, Christel Van den Eynden, and Corporate M&A Counsel, Wim Dedecker.

Involved fees earner: Christel Van den Eynden – Liedekerke Wolters Waelbroeck Kirkpatrick; Wim Dedecker – Liedekerke Wolters Waelbroeck Kirkpatrick; Beat Schwarz – Pestalozzi; Nikolaus Thaddaeus Paumgartner – Pestalozzi; Nils Harbeke – Pestalozzi; Julian Klaeser – Pestalozzi;

Law Firms: Liedekerke Wolters Waelbroeck Kirkpatrick; Pestalozzi;

Clients: Proximus NV;