12 August 2021

Converge Technology Solutions Corp. invests in REDNET

King & Wood Mallesons (KWM) advised the shareholders of REDNET AG (REDNET) on a partnership investment with Converge Technology Solutions Corp. (Converge). 

REDNET, an IT service provider headquartered in Mainz, was incorporated in 2004 and specializes in serving education, healthcare and government/public sectors. As an IT hardware outfitter and managed services provider, the company supports, among others, public authorities, educational institutions and the healthcare sector in the implementation of their digitization concepts. With a heavy focus on environment and sustainability initiatives, REDNET also engages in a 360-degree, holistic approach to increasing IT life cycles through flexible maintenance concepts, while simultaneously focusing on environmental compatibility.

Converge, headquartered in Toronto, Canada, is a listed software-enabled IT & Cloud Solutions provider focused on delivering industry-leading solutions and services. Converge’s regional sales and services organizations deliver advanced analytics, cloud, and cybersecurity offerings to clients across various industries. 

Converge's investment in REDNET, with strong financial backing from the previous owner family, is Converge's first major acquisition in Germany. For REDNET, the partnership with Converge means a step towards further growth with operational continuity.

Advisors to shareholders of REDNET AG: 

Dr. Michael Roos, Dr. Tilmann Becker, Lorenz Liebsch, Simon Brandt (PSL), Dr. Katrin Thoma, Markus Herz, Damian Thiele, Julian Buhr (PSL) (all Corporate/M&A), Markus Hill, Rüdiger Knopf, Viktoria Rosbach (all Tax), Daniel Ehret, Dr. Stephan Klein, Zuhal Uysal (PSL) (all Finance)

Media Contact

Share on LinkedIn Share on Facebook Share on Twitter
    You might also be interested in

    KWM advised Silbitz Group GmbH on merger control aspects in connection with the acquisition of the iron foundry Eisengießerei Torgelow GmbH.

    13 October 2021

    KWM strengthens its German practice with Martin Gliewe (certified specialist in employment law) who joins the KWM team as Counsel in October 2021.

    01 October 2021

    KWM has advised Marondo Capital GmbH as well as further shareholders on the sale of all shares in Datavard AG to SNP Schneider-Neureither & Partner SE.

    03 August 2021

    Asia’s leading international firm, King & Wood Mallesons (KWM), has confirmed the promotion of 32 lawyers in China and ten lawyers in Australia to partner.

    07 July 2021

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.