Siemens intends to sell Siemens Convergence Creators GmbH (“CVC”), a global multi-industry digital transformation solutions provider headquartered in Vienna, to Atos SE (“Atos”), a global leader in digital transformation. The transaction is expected to close end of December 2017 and is subject to information/consultation by the employee representative bodies as well as the approvals of the regulatory and antitrust authorities. CVC, with approximately 800 employees, delivers software based solutions in the fields of communication networks, service and customer management, public safety and security, multimedia infotainment, as well as space technology. CVC was initially an internal R&D and solutions partner for multiple Siemens Business Units (BUs). In 2016, Siemens completed its carve out as an independent Siemens BU with its own IP resources and an external customer strategy.
Hengeler Mueller is advising Siemens on the transaction. The Hengeler Mueller team includes partners Viola Sailer-Coceani, Daniel Wiegand, Hans-Jörg Ziegenhain (all M&A, Munich) as well as associates Achim Spengler (M&A, Munich) and Steffen C. Hörner (Tax, Frankfurt).
