Herbst Kinsky advises MAIT on the acquisition of ERP specialist Nittmann & Pekoll
Together with Watson Farley & Williams LLP, Munich, Herbst Kinsky advised the software and IT service provider MAIT GmbH on the acquisition of the ERP specialist Nittmann & Pekoll GesmbH. The Herbst Kinsky team was responsible in particular for the due diligence as well as the merger and investment control.
With a turnover of EUR 130 million and more than 5.700 customers, the in 1994 founded MAIT Group is the partner for innovative digital solutions in product development, corporate management and IT services. More than 580 MAITs implement specific solutions in close cooperation with their customers at 24 locations in Germany, Austria and Switzerland.
Through the acquisition, MAIT not only enters the ERP business in Austria, but also grows by more than 200 customers and a 62-strong team of ERP experts at the Vienna and Wels locations. With this acquisition, the MAIT Group follows its growth path in the DACH region and marks another milestone: all three MAIT business units ERP, PLM and IT are now represented in the entire DACH region.
The Watson Farley & Williams LLP team consisted of Simon Preisenberger and Eva Rei-ter.