SAXINGER advises KEBA Group AG on the acquisition of the insolvent 7lytix GmbH through an asset deal.

The internationally active KEBA Group AG, headquartered in Linz, has acquired key assets and employees of 7lytix GmbH, an artificial intelligence specialist that recently filed for insolvency. The transaction was carried out as an asset deal.

With this acquisition, KEBA is consistently pursuing its growth strategy in the field of digital and data-driven technologies and is strengthening its expertise in the development of innovative software solutions based on artificial intelligence. The expertise of 7lytix complements KEBA’s existing technology portfolio, particularly in the areas of industrial automation and smart factory.

The legal advice to KEBA Group AG was led by partner Gerald Schmidsberger and attorney Gabriel Paminger, who comprehensively supported KEBA in all legal aspects of the transaction – from structuring and contract drafting to the successful closing.

Dr. Gerald Schmidsberger
Partner

“We are pleased to have supported KEBA in this strategically important transaction. The acquisition of 7lytix sends a strong signal for expanding data-driven capabilities in a rapidly growing international technology sector.”