Press contacts
Techem AG and Aareon Deutschland GmbH, a direct subsidiary of Aareal Bank AG, have agreed to enter
into a strategic partnership for joint invoicing and integrated product development and marketing.
As part of the agreement Techem will assume the energy management business division of Aareon
and conversely the IT service provider Aareon will assume the IT services division Techem IT
Services GmbH from Techem plus a cash settlement of EUR 6.5 million. By undertaking this swap each
company reinforces its core competences as they are acquiring business divisions which complement
its core business. Techem is taking over 850,000 residential units from Aareon, while Aaeron, by
acquiring Techem IT Services GmbH, is gaining just over 850,000 housing companies and associations.
The two companies are also planning to jointly develop and market new products and services
which will lead to a streamlining of the operating processes on the housing companies.
Advisers to Techem
CMS Hasche Sigle:
Dr. Dr Andreas Zanner, Frankfurt (M&A, corporate)
Dr Hendrik Hirsch, Frankfurt (M&A / corporate) Stefan Lehr, Frankfurt (competition)
Dr Gregor Zeifang, Stuttgart (IT, software agreement)
In-house: Kira Albrecht
Contact CMS Hasche Sigle:
Dr Andreas Zanner
Tel.: +49 (0) 69 / 71701-139
E-mail:
Andreas.Zanner@cms-hs.com
Über CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers
the entire area of commercial law and provides legal advice to major German and international
companies from a wide spectrum of industry. CMS Hasche Sigle operates at all the major business
centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich,
Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Prague.
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list
of partners see
www.cms-hs.com
CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575
partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our
clients at commercial locations in 24 countries in Europe and further afield on legal and tax
issues.
Local strength, legal and tax advice tailored to the requirements of the market combined with
a substantial amount of business and organisational integration form the basis for high-quality
international legal advice.
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance:
CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS
Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium),
CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS
Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central Europe,
North and South America, Asia and North Africa.
For further information on CMS Hasche Sigle see
www.cms-hs.com
and on the CMS alliance see
www.cmslegal.com
.
