December 2017 – Kinstellar’s Hungarian M&A and Corporate team has successfully advised Magyar Telekom Nyrt., the leading Hungarian telecommunications service provider and its affiliate T-Systems Magyarország Zrt., on the acquisition of ITgen Kft., an SAP technology and security specialist.
The acquisition of ITgen allows T-Systems to provide more comprehensive and therefore more competitive SAP services through acquiring competencies that are highly complementary to its existing portfolio. ITgen Kft. possesses unique competencies in SAP technology consulting, SAP GRC and SAP security.
The Kinstellar team was coordinated and supervised by Partner Anthony O’Connor, Partner, who commented that: "We have had the privilege of advising Magyar Telekom on the transaction which will enable our client to further improve its competiveness and the level of its services in the Hungarian IT-market. I am proud that our expert M&A team and expertise in the telecoms sector successfully supported Magyar Telekom’s ambitious growth plans."
Anthony O'Connor was supported by Péter Vörös, Partner, who advised on the merger control implications; and Ákos Mátés-Lányi, Managing Associate, M&A specialist, who led the Kinstellar team during the negotiations.
For more information please contact Anthony O'Connor, Partner, at .