Binder Grösswang advises hobex on the acquisition of Qenta Payments

hobex, a leading Austrian company in the field of digital payment transactions, has acquired around 1,500 customers and 13 employees, as well as technology, from the Graz-based payment specialist Qenta Payments through the specifically founded hobex Service IT GmbH, a fully owned subsidiary of HOBEX AG. This acquisition strengthens hobex' position as an innovative provider of cashless payment solutions and takes e-commerce payments to a new level for its customers.

Binder Grösswang advised hobex extensively on this strategically significant acquisition. The acquisition of Qenta Payments marks an important milestone for hobex and highlights the company's innovative strength in the field of digital payments.

‘We are thrilled that we were able to successfully support hobex in this important step – the acquisition of Qenta Payments and the associated expansion of its service portfolio,’ explains Stephan Heckenthaler, Partner at Binder Grösswang.

With this transaction, Binder Grösswang has once again demonstrated its extensive expertise in M&A projects in the context of financial market regulatory law.

The project was led by Stephan Heckenthaler (Partner, Banking & Financial Services) and Mona Holzgruber (Partner, Corporate/M&A). The team also included Florian Höllebauer (Associate, Corporate/M&A), Sabine Apfl-Trompeter (Counsel, Employment), Ivo Rungg (Partner, IP/IT), Julia Otto (Associate, Banking & Financial Services), Livia Hoskovec (Associate, Employment), Clemens Willvonseder (Partner, Tax), Lisa Salbrechter (Associate, Tax), Stefan Frank (Partner, Banking & Financial Services) and Thomas Stiglbauer (Counsel, Real Estate).