HAVEL & PARTNERS provided comprehensive legal advice to the sellers in a major transaction in the area of information technology. The firm represented the owners of KOMIX, a Czech software company, on the sale of 100% shares in the company, which was acquired by Aricoma Group, the Czech Republic’s biggest ICT holding group, a member of the KKCG investment group.

Professional legal advice was provided to the sellers by a dedicated HAVEL & PARTNERS team led by Václav Audes (Partner), comprising Tomáš Navrátil (Senior Associate), Josef Bouchal (Associate), and Pavel Němeček (Of Counsel). In addition to M&A-specific legal advice, the team also handled the divestiture of KOMIX’s four subsidiaries. The transaction was subject to clearance by the Czech Office for the Protection of Competition; hence the expert team of HAVEL & PARTNERS was also assisted by Roman Světnický (Senior Associate), who was responsible for the competition aspects of the transaction.

For nearly thirty years, KOMIX has been developing customised software for e-government, health insurance companies, and large businesses such as Škoda Auto, Nestlé and Porsche Česká republika. Based on revenues from the development and sale of customised software, which will exceed CZK 500 million this year, KOMIX is one of the top 10 suppliers on the Czech market. In the past, the company was involved in projects such as the electronic sick note, biometric passports, and the population registry information system.

Thanks to its consolidation with the Aricoma Group, KOMIX will offer its existing customers a broader portfolio of services, while planning to gain access to new customers both in the Czech Republic and abroad jointly with the other companies within the group. “We believe that we are at the start of a fascinating story of digital transformation growing up from roots in the Czech Republic, and we wish to play an active role in that story,” said Tomáš Rutrle, managing director and initial co-owner of KOMIX.

By pursuing this transaction, Aricoma Group continues in its acquisitions with the aim of strengthening its position as a major European player in ICT and SW solutions. After the completion of the transaction, Aricoma Group will comprise 8 companies with consolidated turnovers in excess of CZK 8.5 billion and with more than 3,000 employees.