HEUKING advises Vectron Systems AG on sale of acardo group AG to Verve Group
A Cologne-based team led by HEUKING Partners Dr. Alexander Jüngst and Dr. Thorsten Kuthe legally advised Vectron Systems AG on the sale of all shares in acardo group AG to Verve Group. The transaction was performed via a structured bidding process and is consistent with Vectron’s strategic realignment following the majority acquisition by US-based Shift4.
With the divestment, Vectron deliberately exits a non-core segment to concentrate on developing and marketing digital POS systems and industry-specific software. Dortmund-based acardo group AG is a leading provider of couponing and loyalty marketing and will enhance Verve Group’s portfolio as a technology-forward partner for consumer activation.
The agreed purchase price is EUR 24.5 million plus cash on hand and other price adjustments. The agreement features a coordinated structure accounting for multiple price-related adjustments and obligations, including earn-out payments to former shareholders, seller loans, and an intercompany loan between acardo and Vectron.
HEUKING’s scope included comprehensive legal advice on the transaction, led by Dr. Alexander Jüngst. Under the leadership of Dr. Thorsten Kuthe, HEUKING advises Vectron on an ongoing basis and previously advised on the majority takeover by Shift4 and on the execution of a control and profit transfer agreement with Shift4 group.
The sale of acardo group AG signals a clear streamlining of Vectron’s corporate structure and strategic focus within Shift4 group. The mandate underscores HEUKING’s long-standing client relationship and the firm’s expertise in complex M&A and capital markets transactions.
Counsel to Vectron Systems AG
HEUKING:
Dr. Alexander Jüngst (Lead), (Corporate / M&A),
Dr. Thorsten Kuthe (Stock Corporation Law and Capital Markets), both Cologne,
Dr. Katharina Prasuhn (Corporate / M&A), Munich,
Mark Rossbroich, LL.M. (Corporate / M&A), Cologne,
Dr. Henrik Lay (Tax), Hamburg,
Peter Michael Schäffler (Tax), Munich,
Meike Dresler-Lenz,
Meike Daniels (both Stock Corporation Law), both Cologne
