April 2, 2014

Milbank advises Scheer Group on Acquisition of IDS Scheer Consulting

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FOR IMMEDIATE RELEASE

FRANKFURT, 2 April, 2014 - The Scheer Group GmbH, a network of IT companies for software and consulting, signed an agreement to acquire IDS Scheer Consulting GmbH from Software AG. Thereby, Scheer Group GmbH takes over the SAP consulting business of Software AG in Germany, Austria and Switzerland.

The international law firm Milbank, Tweed, Hadley & McCloy LLP advised the Scheer Group GmbH on the transaction.

The Scheer Group GmbH was advised by partners Peter Memminger (Corporate, Frankfurt, lead), Thomas Kleinheisterkamp (Tax, Munich) and Alexander Rinne (Competition Law, Munich) as well as Associates Markus Messinger, Leopold Riedl (both Corporate, Frankfurt) and Christoph Kahle (Competition Law, Munich).

About Milbank

Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that has been providing innovative legal solutions to clients throughout the world for more than 145 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Singapore, Tokyo and Washington, DC.

The firm’s lawyers provide a full range of legal services to the world’s leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank’s lawyers meet the needs of its clients by offering a highly integrated and collaborative range of services across key practice groups throughout its global network. Milbank’s integrated practice is underpinned by its attorneys’ acknowledged technical excellence, sector expertise and a strong tradition of innovation and client service.