KPMG Law advises Qt Group on the acquisition of froglogic GmbH
KPMG Law Rechtsanwaltsgesellschaft mbH advises the Finnish Qt Group on the acquisition of froglogic GmbH, a software company based in Germany.
Qt Group Plc (Nasdaq Helsinki: QTCOM) is a global software company operating in more than 70 industries. The company achieved net sales of 79.5 million euros in 2020 and employs 366 people. Froglogic provides quality assurance and test automation tools, as well as graphical use interface (GUI) test automation tools, code coverage analysis, and test results management that help customers assess and manage the quality assurance process throughout the application lifecycle.
Juha Varelius, president and CEO of Qt Group, said, “Qt continues to focus on growth, and the acquisition of froglogic is an important milestone in expanding our Qt software development tools and directly integrating automated testing and code coverage analysis into our product suite.”
In the context of the transaction, KPMG Law will in particular provide legal advice on the drafting and negotiation of the contractual framework underlying the transaction.
Ultimately, the key to success is also the well-established multidisciplinary advisory approach of KPMG Law, which cooperates closely with the experts from KPMG AG Wirtschaftsprüfungsgesellschaft in the areas of tax and deal advisory. Thus, legal advice as well as tax and financial due diligence services can be offered in a coordinated manner for this transaction as well.
Consultant Qt Group:
KPMG Law Rechtsanwaltsgesellschaft mbH: Dr. Dr. Boris Schilmar (Partner, Corporate/M&A, Head of International Business), Sebastian Stöhr (Senior Manager, Corporate/M&A, both lead), Dr. Anna Melikov (Manager, Corporate/M&A), Arijan Shaboviq (Associate, Corporate/M&A, all Düsseldorf), Dr. Martin Trayer (Partner, Labor Law, Frankfurt am Main), Jens Helbich (Senior Associate, Labor Law, Hanover), Dr. Anna Wipper (Partner, IP, Berlin), Giorgina Cavallo (Senior Associate, IP, Berlin), Marie-Valentine Goffin (Associate, IP, Düsseldorf), Dr. Gerrit Rixen (Partner, Antitrust Law, Cologne), Dr. Alexander Roos (Senior Manager, Antitrust Law, Düsseldorf), Dr. Ariane Loof (Senior Manager, IT and Data Protection, Berlin)
KPMG AG Wirtschaftsprüfungsgesellschaft: Dirk Nawe (Partner, Deal Advisory, Düsseldorf), Mike de Wall (Manager, Deal Advisory, Munich), Carsten Schaefer (Director, M&A Tax, Düsseldorf), Anne-Marie Dankwort (Senior Manager, M&A Tax, Düsseldorf)
Krogerus (Finland): Marko Vuori (Partner)
Consultant Seller:
Legal: Dr. Henning Jaques, Hamburg
Financials and Tax: Counsel Treuhand GmbH, Hamburg: Dr. Kurt von Pannwitz (Partner, Lawyer / Tax Advisor – Tax), Tönjes Langemann (Auditor / Tax Advisor – Financials and Tax), Nadine Menke (Tax Advisor – Tax)
