Noerr advises Volkswagen Financial Services on the acquisition of the mobility service provider sunhill technologies
Noerr has provided comprehensive advice to Volkswagen Financial Services AG on the acquisition of a 92% interest in sunhill technologies GmbH. With this transaction Europe’s largest automobile financial services provider has selectively expanded its product portfolio in the area of mobility services.
The Erlangen-based sunhill technologies GmbH is developing, together with well-known German and European mobile phone companies, cashless payment services for smartphones and has taken a leading role in the growth market for mobile payment in Europe. The company focuses on mobile ticketing and mobile parking space management.
In this transaction Volkswagen Financial Services AG relied on the advice of a Noerr team led by Felix Blobel. The Berlin corporate law partner regularly advises both leading financial investors on their investments in technology enterprises as well as digital economy growth companies on developing their business.
“In this transaction we have been able to combine our extensive experience in transaction advice to industrial enterprises with our specific know-how relating to the digitalisation of the economy”, says Felix Blobel, referring also to the firm’s strategic focus on the challenges for the future (key word: industry 4.0). Noerr is also strongly involved, for instance, in promoting start-up companies in the context of the German Tech Entrepreneurship Center (GTEC) which the firm has established together with, amongst others, the DAX companies Henkel and RWE. This new Berlin start-up platform is located at the ESMT European School of Management and Technology.
Advisors to Volkswagen Financial Services AG: Noerr LLP
Felix Blobel (lead, Corporate, Berlin), Dr. Jens Kunz (Financial Regulation, Frankfurt), Christian Mayer (Public Law, Munich), Peter Stauber (Antitrust Law, Berlin)
Associates: Ariane Neubauer (lead, Corporate), Dr. Charlotte Sander (Employment & Pensions, both Berlin), Matthias Schirmer (Financial Regulation, Frankfurt), Pascal Schumacher (Telecommunications Law, Berlin), Stefan Wilmer (IT Law, Munich)
Inhouse: Julia Alberta Peters, Dr. Andreas Reißmann