WIIT S.p.A.’s Acquisition Of Release 42 In Germany

Pedersoli Studio Legale and GSK Stockmann acted as legal advisor of WIITSpa on the transaction and KPMG as tax and accounting advisor.

WIIT S.p.A. signed agreements for the acquisition of the operations currently carried out by JBM Technology Deutschland GmbH through the “Release 42” commercial brand.

Release 42 is a group composed of two operating companies: Boreus GmbH (“Boreus”), a cloud provider, and Gecko Gesellschaft für Computer und Kommunikationssysteme m.b.H. (“Gecko”) that develops DevOps software solutions with a focus on kubernetes technologies.

The group has a strong specialization in e-commerce platforms, mission critical applications that require high resilience, guaranteed through its two proprietary data centers and provides private and hybrid cloud services to the main German e-commerce companies with which it has had strategic relationships for over 15 years.

WIIT is a leading European player in the Cloud Computing market of enterprises demanding uninterrupted Hybrid Cloud and Hosted Private Cloud services for critical applications and listed on the MTA-STAR Milan segment of the Italian Stock Exchange organised and managed by Borsa Italiana S.p.A.

The Transaction – after those of myLoc at the end of 2020 and Mivitec in July 2021 – is a further significant step forward for the Cloud4Europe project launched by the Group in execution of its acquisition-led growth strategy.

Pedersoli Studio Legale advised WIIT with a team led by equity partner Marcello Magro (picture) alongside counsels Fabrizio Grasso and Marco Molineris.

The GSK team included Jens Uwe Rügenhagen (lead, Corporate), Dirk Koch, Heiko Stoll (both Tax), Alma Franke (Banking & Finance), Martin Hossenfelder (IP/IT); Associates: Lukas Faron (Corporate), Nicole Deparade, Björn Christ (both Employment law), Sebastian Gerhards, Felix Schill (Tax), Jörg Wünschel, Thomas Zoppelt (both IP/IT)

Involved fees earner: Björn Christ – Gsk Stockmann; Nicole Deparade – Gsk Stockmann; Lukas Faron – Gsk Stockmann; Alma Franke – Gsk Stockmann; Sebastian Gerhards – Gsk Stockmann; Martin Hossenfelder – Gsk Stockmann; Dirk Koch – Gsk Stockmann; Jens Uwe Rügenhagen – Gsk Stockmann; Felix Schill – Gsk Stockmann; Heiko Stoll – Gsk Stockmann; Jörg Wünschel – Gsk Stockmann; Fabrizio Grasso – Pedersoli Studio Legale; Marcello Magro – Pedersoli Studio Legale; Marco Molineris – Pedersoli Studio Legale;

Law Firms: Gsk Stockmann; Pedersoli Studio Legale;

Clients: WIIT S.p.A.;

Author: Michael Patrini