Stuttgart – Bechtle AG, one of Europe’s leading IT companies, has signed an agreement with technology group S&T AG to cooperate in the field of multi-vendor services. As part of the new alliance, Bechtle is selling 100% of its shares in PSB IT-Service GmbH to CITYCOMP Services GmbH, the German S&T subsidiary.
A CMS team headed by lead partner Dr Tobias Schneider advised Bechtle on all legal aspects of the sale of PSB IT-Service GmbH and on signing the cooperation agreement with the acquirer.
Bechtle AG operates around 80 IT system integrator businesses in Germany, Austria and Switzerland. With 24 e-commerce companies in 14 countries, the Neckarsulm-based group is one of Europe’s leading IT resellers. The company was established in 1983 and currently has more than 12,000 employees. Bechtle is listed on the MDAX and TecDAX.
S&T AG is a multinational technology group specialising in the industrial IoT market. The TecDAX and SDAX-listed company employs some 6,000 people across more than 30 countries worldwide.
Dr Tobias Schneider, Lead Partner
Isabell Peglow, Associate, both M&A, Stuttgart
Dr Michael Kraus, Partner, TMC, Stuttgart
Dr Christian Friedrich Haellmigk, Partner, Competition, Stuttgart