adesso SE (XTRA:ADN1) concluded an agreement to acquire 70% stake in Kiwi Consulting Edv-Beratung Gmbh from Thomas Kilian and Lothar Edelmann for 16 million on May 28, 2021. The purchase price is dependent on the company's targets achievement in the current financial year. Adesso will initially acquire 70% stake and the remaining by 2024.
The two managing partners will retain a minority stake and will continue to develop the operational KIWI Consulting business within the adesso Group in the future. Kiwi had turnover of over 27 million and an EBIT of around 3.4 million in 2020. The acquisition is subject to approval by the German Federal Cartel Office.
Philipp von Braunschweig and Nico Fischer of P+P Pöllath + Partners acted as legal advisor to Thomas Kilian and Lothar Edelmann.