This website uses cookies so that we can provide you with the best user experience possible. Our Cookie Notice is part of our Privacy Policy and explains in detail how and why we use cookies. To take full advantage of our website, we recommend that you click on “Accept All”. You can change these settings at any time via the button "Update Cookie Preferences" in our Cookie Notice.
Technical cookies are required for the site to function properly, to be legally compliant and secure. Session cookies only last for the duration of your visit and are deleted from your device when you close your internet browser. Persistent cookies, however, remain and continue functioning on repeat visits.
CMS does not use any cookie based Analytics or tracking on our websites; see details here.
Personalisation cookies collect information about your website browsing habits and offer you a personalised user experience based on past visits, your location or browser settings. They also allow you to log in to personalised areas and to access third party tools that may be embedded in our website. Some functionality will not work if you don’t accept these cookies.
20/09/2013
Stuttgart – Municipal utility company Stadtwerke Schwäbisch Hall GmbH has acquired a 76% majority stake in Langen-based Somentec Software AG. The three founding shareholders of Somentec retain a 24% equity interest in the firm. The purchase price was not disclosed. The parties have made provision for increasing the majority stake held by Stadtwerke Schwäbisch Hall at a future stage.
A team from CMS Hasche Sigle led by lead partner Dr Maximilian Grub advised Stadtwerke Schwäbisch Hall on all legal aspects of acquiring the shareholding.
Somentec offers IT solutions for the energy and water industries, particularly for the billing and distribution of energy and utilities. By acquiring a majority stake in the software firm, which is headquartered in the federal state of Hesse, Stadtwerke Schwäbisch Hall is seeking a strategic partnership to expand the development and marketing of a dedicated service product for the energy market ("SHERPA"). The software product is currently used for support and billing by more than 60 electricity and gas suppliers with some 500,000 customers. Going forward, the company also intends to offer a wider range of services for integrated energy providers, network operators and heat suppliers.
Stadtwerke Schwäbisch Hall GmbH generates annual sales of some EUR 236 million with around 480 employees at its headquarters in Schwäbisch Hall.
Dr Maximilian Grub, M&A/Corporate, Lead Partner
Dr Axel Funk, IT
Dr Werner Walk, Employment
Dr Sabina Krispenz, M&A/Corporate
Beatrice Shipton, Employment
Dr Michael Kraus, IT (Due Diligence)
Dr Nikolaus Polzer, Employment (Due Diligence)
Dr Matthias Wenzel, M&A/Corporate (Due Diligence)
Press Contact
[email protected]
Social Media cookies collect information about you sharing information from our website via social media tools, or analytics to understand your browsing between social media tools or our Social Media campaigns and our own websites. We do this to optimise the mix of channels to provide you with our content. Details concerning the tools in use are in our privacy policy.