Binder Grösswang advises IBM on the acquisition of Txture GmbH

Binder Grösswang advised International Business Machines Corporation (IBM) as local counsel in cooperation with Hogan Lovells (Munich, lead counsel) on the acquisition of the entire share capital of the Austrian company Txture GmbH.

Binder Grösswang provided IBM with comprehensive legal advice on Austrian-specific aspects of the transaction.

Founded in Innsbruck in 2017, Txture helps enterprises migrate, modernize, and optimize their hybrid cloud estates. By integrating Txture into its Consulting Advantage platform, IBM strengthens its leadership in hybrid cloud transformation and enables clients to accelerate value creation, inter alia through Txture's automation and recommendation capabilities.

The Binder Grösswang lead team consisted of partner Gottfried Gassner and counsel Felix Fuith as well as associate Florian Kremser (all Corporate/M&A). Also involved were partner Johannes Barbist, partner Regina Kröll, associate Armin Nimmrichter (all Regulatory), partner Horst Lukanec, counsel Johannes Bammer, counsel Sabine Apfel-Trompeter, and associate Elena Patsch (all Employment), partner Christian Wimpissinger, partner Clemens Willvonseder, associate Larissa Wagner (all Tax), partner Stefan Tiefenthaler and senior associate Philipp Schermer (both Banking & Finance), counsel Hellmut Buchroithner (IP/IT), as well as associate Florian Höllebauer and associate Anna Talos (both Corporate/M&A).