Hengeler Mueller advises Redknee on acquisition of Business Support Systems from Nokia Siemens Networks (NSN)
07. December 2012
Redknee Solutions Inc. has reached an agreement with Nokia Siemens Networks (NSN) to acquire Nokia Siemens Networks’ Business Support Systems (BSS) business. The BSS business provides real-time charging, rating, policy, and customer care solutions to more than 130 communication service providers. The transaction involves activities with 1200 employees in Germany, Poland and India as well as approximately 35 more jurisdictions.
Redknee, based in Canada, is a leading provider of business-critical billing and charging software and solutions for communications service providers. The acquisition is anticipated to close in the first half of calendar year 2013.
Hengeler Mueller advises Redknee on this transaction and is responsible for the international coordination and structuring. The Hengeler Mueller Team is led by partner Ulrich Blech (M&A, Berlin) and includes partner Kai-Steffen Scholz (M&A, Berlin), Wolfgang Spoerr (Contracts, Berlin), Hans-Joachim Liebers (Labour, Frankfurt) as well as Counsel Andrea Schlaffge (IP, Düsseldorf), senior associates Marc Zedler, Robert Thamm, Fabian Seip (all Berlin), Hendrik Bockenheimer (Frankfurt), Astrid Harmsen (Düsseldorf), associates Friederike von Türckheim, Thomas Himmelreich, Robin Sühle (all Berlin) and Eva Frankenberger (Düsseldorf) as well as Sonnhild Draack and Eckbert Müller (both Frankfurt).