Bech-Bruun assists Elsevier in its acquisition of Atira A/S
Bech-Bruun has assisted Elsevier in connection with its acquisition of the Danish business Atira A/S based in the city of Aalborg.
Atira A/S carries on business within system and software development and its most important asset is its own research information system, PURE, used by more than 47,000 researchers in Europe.
Bech-Bruun’s client, the Elsevier Group, is a leading player within the development and provision of various information systems and is part of the Reed Elsevier Group quoted on the Stock Exchanges in Amsterdam, London and New York, respectively, and which is a leader within publishing and communication. The acquisition of Atira is of great strategic importance as the Group’s competencies in respect of information handling within research will be expanded and improved.
The acquisition process was commenced in September 2011, but was suspended before Christmas. The negotiations were, however, resumed at the end of May this year and ended successfully in the signing/closing on 2 August 2012. News of the transaction were released yesterday, on 15 August 2012, see the press release.
The Bech-Bruun team was headed by Tina Øster Larsen, Associate, who has special knowledge of and great experience in the planning and completion of business transfers and sales and acquisition processes as well as mergers, and also mainly included Anders Østergaard, Associate, IP & Technology, Thomas Christian Thune, responsible for the labour law aspects of the transaction, as well as Caroline Lyck, Junior Associate, Mergers & Acquisitions, and responsible partner Søren Meisling.