f.l.t.r.: Mark Krenn, Thomas Trettnak
CHSH Cerha Hempel Spiegelfeld Hlawati advised WESTCON Group on its acquisition of Triple AcceSSS IT Distributions & Dienstleistungs GmbH ("3xs"). 3xs was founded as a venture and has grown to become the market leader in the Austrian IT security sector, but is also very active in Switzerland.
WESTCON Group, a subsidiary of JSE Securities Exchange and LSE Alternative Investment Market listed Datatec Limited, is one of the world's leading IT companies with a global distribution network. The group has operations in over 40 countries and now also has a presence in Austria and Switzerland. As a result of the cross-border acquisition conducted by CHSH and concluded in July,Westcon may now also address the needs of customers in the DACH (Germany, Austria, Switzerland) and Eastern European markets.
Headed by partner Dr. Thomas Trettnak, the team at CHSH advised WESTCON Group on every legal aspect of the transaction, including corporate law, labour law and IT law, and also coordinated with the legal team in Switzerland. "The IT security sector is currently one of the biggest growth markets, so once again we're extremely pleased to have provided legal advice for a significant transaction in this innovative market segment," said Thomas Trettnak. The team at CHSH also consisted of senior attorneys Mark Krenn (M&A) and Barbara Klinger (Labour) and associate Sabine Ramsauer (M&A).