M&A deal in IT industry: Luther advises eSolve on sale to Pentasys

eSolve Holding GmbH has sold the eSolve Group, which consists of several companies, to the IT project service provider Pentasys. The seller and the target companies were advised by law firm Luther on the transaction, which was completed yesterday.

The purchase price was not disclosed at the request of the parties.

The eSolve Group, which consists of the two Munich-based IT service providers and software developers eSolve AG and santix AG, develops app, mobile, big data and cloud solutions as well as IT strategies and payment systems for major customers, in particular automobile manufacturers and banks.

Founded in 2000 and growing rapidly, eSolve AG was one of the winners of the Great Place to Work competition "Germany's Best Employers 2016". The eSolve group currently employs over 150 people.

Munich-based Pentasys AG is part of the French Ausy Group, a French-listed provider of engineering services and IT consulting with approximately 5,000 employees, which has been under the control of the international personnel service provider Randstad since the beginning of 2017.

For eSolve Holding GmbH

Luther, Mergers & Acquisitions: Dr. Christian Rodorff, LL.M., Dr. Andreas Kloyer (both Lead Partner, Munich), Michael Ströbel, LL.M. (Stuttgart)

Luther, Labor Law: Christian Dworschak (Partner, Munich)

Luther,  Antitrust: Dr. Helmut Janssen, LL.M. (Partner, Dusseldorf/ Brussels)