Essen – EDS Deutschland GmbH & Co. KG, part of the EDS Group, has sold its majority holding in EDS Itellium Systems & Services GmbH, the IT services provider of the Arcandor Group, to Corporate Service Informationstechnologie GmbH, an Arcandor Group company. The shares were transferred with effect from 1 April 2009. The purchase price was not disclosed.
A team from CMS Hasche Sigle, led by Dr Armin Dürrschmidt and Richard Mitterhuber, advised EDS on all aspects of the transaction.
The Düsseldorf-based EDS Group is a world leader in technology services. It offers a broad portfolio for outsourcing information technology (ITO) as well as applications and business processes (BPO). Its global client base covers manufacturing, financial services, healthcare, communications, energy, transportation, retail, the consumer goods industry and government.
EDS generated annual sales of USD 22.1 billion in 2007. It has been part of US technology giant Hewlett-Packard since 2008.
Advisers CMS Hasche Sigle:
Dr Armin Dürrschmidt, Corporate (Lead Partner)
Richard Mitterhuber, Corporate (Lead Partner)
Dr Markus Häuser, IT
Petra Festner, Corporate
Tel.: +49 89 2380 7306
E-mail: [email protected]