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CERHA HEMPEL advises the German RWTÜV Group

CERHA HEMPEL advises the German RWTÜV Group on its acquisition of shares in Austrian company isn – innovation service network

CERHA HEMPEL advises the German RWTÜV Group on its acquisition of shares in Austrian company isn – innovation service network

By becoming a strategic investor in isn – innovation network service GmbH, the German company RWTÜV GmbH has successfully continued to invest in innovation-oriented start-ups and companies.

Founded in 1872, the RWTÜV Group is a group of renowned technology service providers with business units specialising in Insurance Services, Telecommunications, and Energy & Environment. In addition to being a shareholder in TÜV Nord AG, RWTÜV stands for safety and progress and is also regarded as a driver of innovation in cooperation with science and research. The group's companies are present in over 30 countries in Europe, Asia, America and Australia, with over 2,000 employees.

isn – innovation service network GmbH has been a pioneer and trendsetter in innovation management since 2001. At isn, the digitization of innovation management began as far back as 2005. Today, isn's technical innovation platform is one of the most effective innovation tools for involving all of a company's employees in future projects. In addition to established innovation training programs in Austria, isn is involved in DEC Education Services AG in Switzerland together with renowned international universities. This means that isn is constantly working on new technologies and trends for the benefit of its customers.

RWTÜV is creating future-oriented value with strategic investments in innovation-oriented start-ups and companies. The group now wants to kick start further innovation:"In Germany, there is high demand for innovation in several sectors," says Fabian Fechner, Managing Director of RWTÜV GmbH. With this in mind, the group is entering into a partnership with isn – innovation service network. "We now want to bring these innovation services, which we ourselves benefit from, closer to our customers and thus promote their economic dynamism, ideally of course throughout the entire country", Fechner explains. "The trust placed in the 150-year tradition of our medium-sized group and the innovative expertise of isn combine to create a perfect synergy that encourages our customers to invest in their own innovative strength." For its part, the RWTÜV Group expects the cooperation to provide direct access to innovation trends, thereby enabling it to continue playing a pioneering role in the evaluation and promotion of technological innovations.

On the recommendation of BDO, RWTÜV appointed CERHA HEMPEL as its experienced M&A and IT legal advisor, with legal support provided by a team headed by Thomas Trettnak (Lead Partner, M&A), and also including Marcus Lusar (Senior Associate, M&A, IT/TMT), Roman Heidinger (Senior Attorney, IP/IT), Teresa Skerlan (Associate, M&A) and Philipp Gstrein (Junior Associate, M&A, IT/TMT).