Hörmann Digital acquires a stake in ORBIS

20. Febru­ary 2020

Munich — Hörmann Digi­tal Betei­li­gungs GmbH, a Hörmann KG company mana­ged by Thomas Martin and Chris­toph Hörmann, has acqui­red a signi­fi­cant stake in the listed company ORBIS AG. In addi­tion, Hörmann Digi­tal Betei­li­gungs GmbH has acqui­red the right to expand its share­hol­ding in the future.

In a first step, Hörmann Digi­tal Betei­li­gungs GmbH acqui­red a total of appro­xi­m­ately 23% of the shares of ORBIS AG from seve­ral share­hol­ders and at the same time fully subscri­bed to a cash capi­tal increase of ORBIS AG, which was issued under exclu­sion of share­hol­ders’ subscrip­tion rights. This results in a total share­hol­ding of around 28%. The Hörmann Group and ORBIS AG have also signed a coope­ra­tion agree­ment for the expan­sion of exis­ting busi­ness rela­ti­onships in the field of digi­tiza­tion. — The share purcha­ses are curr­ently still subject to appr­oval by the German and Austrian anti­trust authorities.

Further­more, Hörmann Digi­tal Betei­li­gungs GmbH has obtai­ned the right from the curr­ently largest share­hol­der of ORBIS AG, GMV AG, to acquire the latter’s remai­ning shares in ORBIS AG, around 15%, in the future, thus incre­asing its share­hol­ding to a total of 43%.

In the course of the tran­sac­tion, Hörmann Digi­tal Betei­li­gungs GmbH was advi­sed by a specia­li­zed team of Rödl & Part­ner with regard to legal issues concer­ning the acqui­si­tion of the share­hol­dings and capi­tal market obli­ga­ti­ons. Part­ner Dr. Oliver Schmitt (Munich) led the compre­hen­sive legal (purchase) contract draf­ting and nego­tia­tion support from the initial discus­sions to the signing of the contract, assis­ted in the tran­sac­tion prepa­ra­tion and coor­di­na­tion and advi­sed on all capi­tal market law issues.

About Hörmann Digi­tal Betei­li­gungs GmbH
Hörmann Digi­tal Betei­li­gungs GmbH is a company of the Hörmann Group based in Stein­ha­gen, West­pha­lia, an owner-mana­­ged, world-leading manu­fac­tu­rer of doors, gates, windows and frames.

ORBIS AG is a leading IT consul­ting company in support­ing the digi­ta­liza­tion of busi­ness proces­ses of medium-sized compa­nies as well as inter­na­tio­nal corpo­ra­ti­ons. As a listed company, the Company’s shares are admit­ted to trading on the regu­la­ted market (Gene­ral Standard).

Consul­tant Hörmann: RÖDL & PARTNER
Dr. Oliver Schmitt, Part­ner (Corporate/M&A, Capi­tal Markets), Munich, over­all coordination
Mario Schulz, Asso­ciate Part­ner (Corporate/M&A, Capi­tal Markets), Munich — Legal
Tobias Reiter, Senior Asso­ciate (Corporate/M&A, Capi­tal Markets), Munich — Legal
Elisa­beth Schmidt, Asso­ciate (Corporate/M&A, Capi­tal Markets), Munich — Legal
Juliane Krafft, Asso­ciate (Corporate/M&A, Capi­tal Markets), Munich — Legal

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