Rödl & Partner advises InoNet on the sale to Eurotech S.p.A.
Munich — With the acquisition of InoNet, Eurotech is entering the DACH market for the first time, which is the world’s largest market for industrial IoT applications after the USA. Both companies pursue the approach of offering high added value to their demanding B2B customers with high-quality products and services. The purchase price is EUR 9.45 million plus a planned earn-out of up to 300,000 Eurotech shares.
Rödl & Partner comprehensively advised InoNet Computer GmbH from Taufkirchen on the sale of all shares to the Italian Eurotech S.p.A. on financial, tax and legal transaction issues and led the contract negotiations.
By exploiting synergies in the area of supply chains and tapping growth potential through cross-selling activities, Eurotech plans to further develop the future German site. Especially in the emerging global edge AI market, InoNet provides a solid base for Eurotech’s further expansion.
During the sale, InoNet was supported by an interdisciplinary team from Rödl & Partner for financial, tax and legal sell-side advice. Partner Peter Längle was in charge of the overall project management and led the M&A process including the sales negotiations. The legal advice, in particular the contract negotiations, was provided by partner Thomas Fräbel. Partner Matthias Zahn was responsible for the sell-side financial support. The M&A Tax department was headed by partner Dr. Dagmar Möller-Gosoge.
About InoNet Computer GmbH
InoNet says it offers professional computing solutions for industry and B2B use. The focus is on the development and production of preconfigured industrial PC solutions as well as the design of solutions for individual requirements. The company, based in Taufkirchen near Munich, has been manufacturing industrial computers since 1998, ensuring certified manufacturing processes, comprehensive quality management and also offers its customers extensive maintenance and service. With 80 employees, InoNet serves its more than 1,000 B2B customers and generated revenues of €15.2 million in 2021.
About Eurotech S.p.A.
Eurotech says it is active in the design, development and sales of edge computing and Internet of Things (IoT) solutions. Eurotech’s services include services, software and hardware for system integrators and enterprises. With these solutions, Eurotech offers its customers access to components and software platforms for IoT, edge gateways for plant monitoring, and high-performance edge computers used in areas such as artificial intelligence (AI). Headquartered in Amaro, Italy, the multinational company looks back on 30 years of experience and achieves an annual turnover of approximately 70 million euros with 7 subsidiaries worldwide.
Advisor to the shareholders of InoNet GmbH : Rödl & Partner GmbH
Peter Längle, Partner (Corporate Finance), Munich — overall project management, negotiation management, Matthias Zahn, Partner (Transaction Services), Munich — sell-side support management Financial, Fabio Franzoi, Senior Associate (Transaction Services), Munich — Financial, Andreas Schubert, Associate (Transaction Services), Munich — Financial
Thomas Fräbel, Partner, Attorney (M&A Legal), Munich — Sell-Side Support Legal and Purchase Agreement Negotiations; Juliane Krafft, Senior Associate, Attorney (M&A Legal), Munich — Sell-Side Support Legal; Malte Kroll, Associate, Attorney (M&A Legal), Munich — Sell-Side Support Legal; Lara Kiefer, Associate, Attorney (M&A Legal), Munich — Sell-Side Support Legal, Dr. Dagmar Möller-Gosoge, Partner, Tax Advisor (M&A Tax), Munich — Sell-Side Support Tax; Dr. Susanne Kölbl, Partner, Tax Advisor (M&A Tax), Munich — Sell-Side Support Tax
Advisor to the Italian Eurotech S.P.A.: SLB LAW
Sandra Bendler-Pepy, Partner and Oliver Baumann, Partner.
About SLB LAW
SLB LAW offers clients full-service consulting in all core areas of business law. In addition to its proven expertise in M&A, the firm is known for its advice in banking and capital markets law as well as employment law.
From its headquarters in Munich, SLB mainly advises medium-sized companies as well as German subsidiaries of international groups. The firm is distinguished by its international expertise. This is reflected above all in the Italian Desk, which focuses on cross-border consulting for Italian companies in Germany and German companies in Italy. In addition, SLB is a founding member of the international network Mackrell International and the exclusive German partner law firm of the Grimaldi Alliance.In addition to the Italian law firm Lexia Avvocati, SLB LAW’s Italian Desk advised the Italian buyer Eurotech S.P.A. on this cross-border transaction. SLB LAW’s Italian Desk has proven expertise in the field of German-Italian transactions.