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.