Ziemann Sicherheit Holding GmbH, Schallstadt, acquires Unicorn Geld- und Wertdienstleistungen GmbH, Hannover. The transaction concerns the market of cash management solutions.
The international law firm Milbank, Tweed, Hadley & McCloy LLP advised Ziemann Sicherheit Holding GmbH with regard to the merger control and other antitrust aspects of the transaction.
Following an in-depth investigation in a second phase review (“Hauptprüfverfahren”), the German Federal Cartel Office has cleared the merger without requesting remedies.
Ziemann Sicherheit Holding GmbH (Ziemann) is the holding company of Ziemann group, a leading provider of cash management solutions for retailers and banking houses in Germany. Ziemann offers its clients cash management solutions for transport, processing and cash deposits with the German Federal Bank (“Bundesbank”).
Unicorn Geld- und Wertdienstleistungen GmbH also provides a broad portfolio of cash management solutions. Zieman and Unicorn both complement each other in their geographic footprint which will enable Ziemann to expand its reach to the benefit of its customers.
Ziemann was advised on the transaction by partner Dr. Alexander Rinne (Antitrust & Competition, Munich) and associates Dr. Tatjana Mühlbach and Christoph Kahle (both Antitrust & Competition, Munich).
