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Allen & Overy advises Converge Technology Solutions Corp. on the acquisition of Mainz-based REDNET AG

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Horn Matthias
Dr Matthias Horn

Partner

Frankfurt am Main

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Weber Heike
Dr Heike Weber

Partner

Frankfurt am Main

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Harald Klett
Harald Klett

Manager PR & Communications

Frankfurt am Main

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06 August 2021

Allen & Overy has advised Converge Technology Solutions Corp. (“Converge”), the Toronto Stock Exchange listed software-enabled IT & Cloud Solutions provider with headquarters in Toronto and Gatineau, Canada, on all legal aspects in relation to the completed acquisition of a majority interest in REDNET AG, an IT services provider headquartered in Mainz, Germany.

REDNET is the first European acquisition of Converge and the 23rd acquisition announced by the company. The addition of REDNET to Converge’s corporate portfolio is significant, as it marks Converge’s official expansion into Europe and is expected to greatly increase Converge’s ability to serve clients globally. Founded in 2004, REDNET specializes in serving education, healthcare, and government/public sectors, providing detailed advice, economic planning, smooth logistics, and fast service to their clients. 

The team was led by partner Dr Matthias Horn with support from associates Dr Matthias Taggeselle (both Corporate/M&A, Frankfurt) and Christig Schlorf (Corporate/M&A, Hamburg) and comprised partner Dr Heike Weber (Tax), as well as counsel Dr Sebastian Schulz (Employment and Benefits, both Frankfurt). Further support was provided by senior associate Catharina Glugla (Data Protection) as well as associates Anna Kraeling (IP/IT, both Duesseldorf), Tom Haeseler (Banking/Finance), Anna Jung (Public Law), Lisa Wantzen (Employment and Benefits), Sven Bischoff (Tax) and transaction support lawyer Laura Thiel (all Frankfurt).