CMS Hasche Sigle advises Heinz Roth and primion Technology AG on takeover bid of Spanish Azkoyen S.A.

Heinz Roth, former major shareholder and chairman of the executive committee of primion Technology AG quoted on the Frankfurt Prime Standard has sold nearly 20 per cent of the primion shares to the Spanish Azkoyen S.A. CMS Hasche Sigle led by Stuttgart partners, Dr Thomas Meyding and Dr Tobias Schneider, advised both Heinz Roth and primion Technology AG on the transaction. After the transaction Heinz Roth will still have a nine per cent stake in primion and still be available as chairperson of the executive committee of primion Technology AG.

Heinz Roth and Azkoyen S.A. have also agreed to act in concert when exercising their voting rights in primion Technology AG. Azkoyen S.A. has announced that it will make the shareholders of primion Technology AG a voluntary public takeover bid.

primion Technology AG is an international provider of software- and hardware-based systems for access control, time management and integrated security management.

Advisers CMS Hasche Sigle

Dr Thomas Meyding, Lead Partner, Corporate
Dr Tobias Schneider, Lead Partner, Corporate

Contact CMS Hasche Sigle:

Dr Thomas Meyding
Tel.: +49 (0) 711 9764-389
E-mail: Thomas.Meyding@cms-hs.com