Noerr advises on sale of Saxonia Systems AG to Carl Zeiss AG
Noerr has advised Saxonia Systems Holding GmbH on its sale of Saxonia Systems AG to Carl Zeiss AG. Since completion of the transaction on 1 March, the company has been operating under the name Carl Zeiss Digital Innovation.
The new company Carl Zeiss Digital Innovation will in future provide increased support to the ZEISS divisions in digital projects. Business for existing customers will be continued. With a workforce of around 250 in Dresden and at five other locations, Saxonia Systems has been an important software development partner of ZEISS for over a decade. ZEISS intends to significantly expand the activities and workforce of the new company Carl Zeiss Digital Innovation. With the integration of the Hungarian affiliate ETEO Software Factory Kft., Carl Zeiss Digital Innovation’s workforce will increase by 60 to over 300 in March.
Noerr has advised Saxonia Systems Holding AG comprehensively on this transaction, after advising the client in 2018 on the sale of 25% of the shares in Carl Zeiss. In close cooperation with Noerr’s Budapest office, the team also handled the sale of the majority interest in ETEO Software Factory.
Advisors to Saxonia Systems Holding GmbH: Noerr LLP
Jens Gehlich, Dr Uwe Brendler (joint team lead, both Corporate/M&A, Dresden), Dr Fabian Badtke (Antitrust, Frankfurt), Dr Ákos Bajorfi (Corporate/M&A, Budapest), Yvonne Dietzel (Employment, Dresden), Associates: Christin Haberecht (Corporate/M&A), Peter Scheuch (Tax, both Dresden)