Stuttgart – The shareholders in Objective Software GmbH have sold their shares in the company to Luxoft, Inc. By acquiring Objective, Luxoft gains access to advanced solutions in the automotive sector, such as autonomous vehicles, teleoperated driving and high-accuracy positioning, plus innovative mobility and smart city applications.
A CMS team headed by lead partner Dr Maximilian Grub advised the Objective Software GmbH shareholders on all legal aspects of the sale and in particular on contract design and the contract negotiations.
Objective has more than 100 employees at various locations in Europe.
Luxoft employs over 12,900 people at 42 locations in 21 countries across 5 continents. It is listed in New York.
Dr Maximilian Grub, Lead Partner
Dr Tobias Will, Senior Associate
Simone Philipp, Associate, all Corporate
Dr Michael Kraus, Partner, TMC
Dr Martin Mohr, Counsel, Tax
Dr Uli Greiner, Senior Associate, Intellectual Property