Binder Grösswang advises Software AG on sale on Austrian SAP consulting business

Binder Grösswang has advised Frankfurt Stock Exchange-listed Software AG on the sale of its Austrian SAP consulting business to the Scheer Group.

Software AG, an international software company with headquarters in Darmstadt, decided to sell its SAP consulting business in order to focus on product innovation. The Scheer Group, a network of fast-growing IT companies, is expanding its consulting competence through this transaction.

The Binder Grösswang team consisted of Michael Lind (partner and lead adviser, mergers and acquisitions), Horst Lukanec (partner, employment law), Johannes Barbist (partner, public law), Christian Wimpissinger (partner, tax law), Markus Pinggera (attorney, public law), Christian Dax (associate, mergers and acquisitions), Walter Loukota (associate, tax law) and Elisabeth Steiner (associate, employment law).

The Scheer Group was advised by Milbank (Frankfurt) and Eisenberger & Herzog.