Gleiss Lutz advised STRABAG on the acquisition of DeTe Immobilien from Deutsche Telekom

Gleiss Lutz provided STRABAG SE with comprehensive legal advice on the acquisition of DeTe Immobilien, Deutsche Telekom Immobilien und Service GmbH, from Deutsche Telekom AG.

The DeTe Immobilien group specialises in facility management and has more than 6,000 employees. During the 2007 financial year, it posted sales of around 1 billion euros, the majority of which with the Deutsche Telekom group. Parallel to the acquisition, several service contracts between DeTe Immobilien and undertakings belonging to the Deutsche Telekom Group were concluded providing for extensive facility management services over a period of ten years.

The closing of the transaction is still subject to a number of provisos, including obtaining antitrust clearance.

The following Gleiss Lutz team was involved: Dr. Cornelius Götze (Partner, Corporate/M&A, Frankfurt), Dr. Tim Weber (Facility Management Contracts/Real Estate, Berlin; both lead), Prof. Dr. Michael Uechtritz (Partner, Facility Management Contracts/Real Estate, Stuttgart), Dr. Thomas Winzer, Verena Schweiss (both Labour/Occupational Pension Schemes, Frankfurt), Dr. Stefan Weidert (Partner, IT/IP Rights, Berlin), Dr. Tobias Boecken (Partner, Berlin), Dr. Juliane Reichelt (Stuttgart), Katja Sommer, Dr. Nadine Queck, Dr. Viktoria Ludwig, Tobias Schnieders (all Real Estate, all Berlin); Dr. Mario Stillig, Dr. Christian Vocke (both Corporate/M&A), Stefan Köhler (Tax, all Frankfurt), Dr. Ulrich Denzel and Dr. Jennifer Hattaß (both Antitrust Law, Stuttgart).