Home / Press / CMS advises Aareal Bank Group on acquisition of Hamburg-based...

CMS advises Aareal Bank Group on acquisition of Hamburg-based fintech Collect Artificial Intelligence from Otto Group

28/03/2022

Frankfurt/Main – The Aareal Bank Group has acquired all the shares in Collect Artificial Intelligence GmbH (CollectAI), an Otto Group payment solutions provider that offers AI-based intelligent invoicing and dunning processes. The acquisition will allow the Aareal Bank Group to expand its range of products and services in the Banking & Digital Solutions segment, adding end-customer communications functionality as well as AI-based solutions for interactive invoicing and intelligent dunning processes.

With its AI-based software, CollectAI already holds a strong position in the online shopping, energy utility and banking and insurance sectors. CollectAI helps its customers to lower their processing costs while enhancing success rates in the dunning process. In an exclusive partnership with the Otto Group’s payments arm (Payment Entwicklungsgesellschaft, PEG), this summer the Hamburg-based fintech will take over payment-related communications with end customers of the Otto Marketplace for the platform’s 2,500 partners. This CollectAI service is also highly attractive for Aareal Bank’s existing clients, including those in the housing sector. In addition, it opens up further potential in related industries, both nationally and internationally. The acquisition of CollectAI shows that the “Aareal Next Level” strategy programme is being consistently implemented in the Banking & Digital Solutions segment. The parties agreed not to disclose the terms of the acquisition.

A CMS team headed by Dr Oliver Wolfgramm and Dr Navid Anderson advised the Aareal Bank Group on legal aspects of the transaction.

CMS Germany

Dr Oliver C. Wolfgramm, Partner, Frankfurt/Main
Dr Navid Anderson, Counsel, Frankfurt/Main, both Lead, both Corporate/M&A
Jörg Schrade, Partner, Munich
Christian Linseisen, Associate, Munich, both Tax
Dr Joachim Kaetzler, Partner, Frankfurt/Main
Charlotte Salathé, Senior Associate, Frankfurt/Main, both Compliance
Laura Matarrelli, Counsel, Frankfurt/Main, Labor, Employment & Pensions
Philippe Heinzke, Partner, Düsseldorf
Sven Krause, Senior Associate, Düsseldorf, both IP

Press Contact
presse@cms-hs.com

Related people

Portrait ofOliver C Wolfgramm
Dr. Oliver C Wolfgramm
Partner
Frankfurt
Portrait ofJörg Schrade
Jörg Schrade
Partner
Munich
Portrait ofChristian Linseisen
Christian Linseisen, Dipl.-Kfm.
Senior Associate
Munich
Portrait ofJoachim Kaetzler
Dr. Joachim Kaetzler
Partner
Frankfurt
Portrait ofCharlotte Salathé
Charlotte Salathé
Counsel
Frankfurt
Portrait ofLaura Matarrelli
Laura Matarrelli
Counsel
Frankfurt
Portrait ofPhilippe Heinzke
Philippe Heinzke, LL.M.
Partner
Duesseldorf
Dr. Navid Anderson, LL.M. (University of Edinburgh)
Sven Krause, LL.M. (Maastricht University)
Show more Show less