Specht Böhm Represents Nordic IT service company, Tieto, in Acquisition of Siemens Convergence Creators’ telecom R&D

The Nordic IT service company, Tieto and the turnkey solutions and services company for communication networks, Siemens Convergence Creators GmbH, have announced their agreement for Tieto to acquire Siemens Convergence Creators’ telecom R&D. Specht Böhm Rechtsanwalt GmbH represented Tieto in the transaction that will involve the transfer of 220 employees to Tieto’s subsidiaries in four countries and five locations including Vienna, Zagreb, Brno, Bratislava and Zilina. The transaction is expected to improve PDS’ profit and contribute to annual sales totaling more than EUR 15 million.
Read more about the transaction here:

Tieto’s website: Tieto to acquire part of Siemens Convergence Creators telecom R&D

Siemens’ website: Siemens Convergence Creators sells telecom R&D to Tieto