Gleiss Lutz advises NTT Data Corporation on the purchase from BMW of a majority stake in Cirquent GmbH

Data Corporation on the takeover of a 72.9% shareholding in Cirquent GmbH, a subsidiary of the BMW Group. The transaction is still subject to approval by the competition authorities.

As listed subsidiary of Nippon Telegraph and Telephone Corporation (NTT), NTT Data offers a broad range of IT services, including consulting, systems integration and IT outsourcing. The transaction is a part of the internationalisation strategy that NTT Data is pursuing in an effort to service multinational clients from Japan and other countries. Cirquent GmbH is among the leading IT consulting and systems integration companies in Germany. With a workforce of 1747 it generated sales of EUR 286 million in 2007. Cirquent will continue to operate independently under its existing brand.

The Gleiss Lutz team was made up of: Dr. Rainer Loges (partner), Dr. Ralf Morshäuser (partner, both lead, corporate/M&A), Dr. Burkard Göpfert (partner, employment), Dr. Andreas Wehlau (partner, IP/IT), Dr. Petra Linsmeier (partner, competition) (all Munich), Dr. Barbara Jagersberger, Stephan Meyer, Roland Sterr (all corporate/M&A, all Munich), Dr. Matthias Werner, Cornelia Stark (both IP/IT, Munich), Dr. Iris Buckenleib, Milda Pleckaityte (both competition, Munich), Dr. Martin Diller (partner, employment, Stuttgart), Carolin Drägert (employment, Munich), Dr. Frithjof Behrens, Sharon Kahanov, Dr. Verena Hügel, Dr. Mario Stillig (all corporate/M&A, all Frankfurt), Dr. Hendrik Maroldt (real estate, Berlin) and Dr. Michael Marquardt (partner), Dr. Stefan Mayer and Stefan Köhler (both tax, Frankfurt).

The following were involved in the transaction for Herbert Smith Tokyo: Dr. Michael Burian (on secondment from Gleiss Lutz), James Robinson (partner, both lead) and Alastair Murray (all corporate/M&A).