Converge Technology Solutions Corp. (TSX:CTS) agreed to acquire Gesellschaft für digitale Bildung/Institut für moderne Bildung/DEQSTER on June 15, 2022. The transaction is subject to customary antitrust approvals. Matthias Horn, Heike Weber from Allen & Overy LLP acted as legal advisor, Boerries Ahrens from Allen & Overy LLP (Hamburg) acted as legal advisor and Allen & Overy LLP (Duesseldorf) acted as legal advisor to Converge Technology Solutions.

Converge Technology Solutions Corp. (TSX:CTS) completed the acquisition of Gesellschaft für digitale Bildung/Institut für moderne Bildung/DEQSTER on July 29, 2022. Consideration for the purchase consisted of €27.8 million in cash paid at closing, a working capital adjustment, and up to an aggregate of €15.0 million in earn-out payments for the three years following closing based on the achievement of certain milestones.