Spiratec AG acquired 89.5% stake in Onoff AG (XTRA:2QU) from four main shareholders of Onoff on March 29, 2022. In connection with the sale, the Onoff's founder Rolf Arneke has resigned from his position as a member of the Supervisory Board with immediate effect. Mirko Sickinger, Tobias Nagel, Lena Pfeufer and Martin Reufels of Heuking Kühn Lüer Wojtek acted as counsel for Onoff AG in the transaction.

Spiratec AG completed the acquisition of 89.5% stake in Onoff AG (XTRA:2QU) from four main shareholders of Onoff on March 29, 2022.