Sale of Econocom Managed Services to TechnoGroup IT Services

Client Econocom (Belgium), a leading European IT Services company.
Deal Type Company Sale
Sector TMT
Deal Together with our German colleagues we advised Econocom (Belgium), a leading European IT service company on the sale of its managed services business in Germany to TechnoGroup IT Services (Germany).

What we did:

  • Performed a search for suitable parties
  • Identified the strategic buyer and successfully closed the transaction
  • Agreement on a long term partnership which is expected to lead to significant incremental revenues for both parties