Schoenherr Romania advised Eleco, a world-class software provider to companies in the construction and built environment sector, on the acquisition of 100 % of the share capital of Vertical Digital. The transaction will add critical capabilities to Eleco, as Vertical Digital has a proven track record of providing agile and innovative software development, technical consulting and upskilling solutions across many European and multinational end-customers.
Acting as local counsel in Romania, Schoenherr worked together with lead counsel Dorsey & Whitney (Europe) LLP in providing the full range of buy-side legal advice to Eleco in connection with this transaction.
"We are delighted to have advised Eleco on their investment into the dynamic Romanian IT&C sector," said partner Mădălina Neagu, who led the Schoenherr team advising Eleco in this transaction. "We would like to congratulate the parties on successfully combining their capabilities and thus accelerating their ability to support customers."
Eleco plc is a specialist international provider of world-class software and related services to the built environment through its operating brands Elecosoft and Veeuze, from centres of excellence in the UK, Sweden, Germany, the Netherlands and the USA. The company's software solutions are trusted by international customers and used throughout the building lifecycle from the early planning and design stages through to construction, interior fit out, asset management and facilities management to support project delivery, estimation, visualisation, Building Information Modelling (BIM) and property management.
The Schoenherr team advising Eleco in this transaction was led by Mădălina Neagu (partner) and included Andrei Mureșan (managing attorney at law), Mihaela Popescu (managing attorney at law) and Alexandra Șmahon (attorney at law).