Osborne Clarke has advised Allgeier SE on the acquisition of iQuest Group. The acquisition sees Allgeier acquire a majority interest in the software development company.
With this transaction, Allgeier expands its competence in the development of complex software solutions for business-critical processes and continues the group’s internationalisation. With the expansion of its near shoring resources, Allgeier will offer greater scalability through a flexible, customer-orientated service and delivery model.
The transaction is subject to approval from the German Federal Cartel Office and other closing obligations. The share purchase agreement is expected to be closed in the next few weeks.
iQuest is an international software company, currently employing about 700 employees in development centres in Romania, Switzerland and Poland. The company develops individual software solutions for international clients, particularly in the life science, telecommunication, financial services, transport and energy sectors. iQuest generated revenues of around EUR 30 million with an operating EBITDA margin of around 15 percent in the past fiscal year.
An Osborne Clarke team led by partner Philip Meichssner advised Allgeier on this transaction. The team included Dr Nanni Spitzer, Enno Dreier (all M&A), Dr Hendrik Schöttle, Cedric Ludwig, Dr Peter Schneidereit, Eleni Alexiou (all IT), Dr Thomas Leister, Andre Braig (all employment law), Dr Thomas Funke, Dr Sebastian Hack and Ghazale Mandegarian-Fricke (all competition law).
Osborne Clarke advises Allgeier regularly on transactions and the day-to-day business.
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