Gleiss Lutz assisted the software manufacturer IDS Scheer on the successful completion of the takeover by Software AG. Following the expiry of the additional acceptance period, Software AG now holds 89.99% of the shares in IDS Scheer AG. This completes one of the largest public takeovers of the year in Germany.
As part of its voluntary public takeover offer of August 17, 2009, Software AG had offered the shareholders of IDS Scheer AG EUR 15 per share through its subsidiary SAG Beteiligungs GmbH. This completed takeover means that there is now a global manufacturer for infrastructure software and business process management with over 6,000 employees and sales of over one billion euros.
IDS Scheer was advised by a team built around Düsseldorf corporate/M&A lawyers Dr. Stefan Mutter (partner) and Martin Hitzer (both lead). The team also included: Dr. Michael Marquardt (partner), Dr. Stefan Mayer (both tax, Frankfurt), Dr. Thomas Winzer (partner, employment, Frankfurt), Dr. Björn Simon (corporate/M&A, Frankfurt), Dr. David Quinke, Heribert Burghartz and Thorsten Siepe (all corporate/M&A, Düsseldorf).
IDS Scheer’s in-house advisor was Dr. Peter Klein (General Counsel).
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