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Siemens AG to acquire 100% of AIT GmbH from founders

January, 2020 - Siemens AG acquired 100% of the shares of AIT Applied Information Technologies GmbH & Co. KG ("AIT") from the founders. AIT is a leading provider of innovative software solutions based on Microsoft .NET platforms. The company is a Microsoft Gold Certified Partner with great experience in IoT Applications and has established itself as a key service partner for Application LifeCycle Management (ALM) solutions based on the Team Foundation Server and Visual Studio. Thiele & Associates Beratung und Beteiligungen AG, member of Pandion Partners, acted as the exclusive financial advisor to the vendors.

Written on 22/01/2020