MUNICH – Global law firm Reed Smith has provided comprehensive legal advice to the shareholders of AraCom IT Services AG, a leading developer of custom software for large and medium-sized companies, on its sale to Maxburg, an investment management company focused on the German-speaking region.
The parties have agreed not to disclose the purchase price. The sale to Maxburg completes the entrepreneurial succession and lays the foundation for AraCom's further growth.
The Reed Smith team was led by corporate partner Dr Nikolaus von Jacobs and associate Robert Werzlau.
Von Jacobs said: "An asset in the growth segment of IT consulting that is highly valued in the market has found a very solid shareholder base in Maxburg to successfully advance the strategic development of the company. We are pleased to have been able to accompany this transaction.”