Baker McKenzie advised METRO AG on the implementation of a multi-year digital and IT strategic partnership with Wipro Limited. Wipro Limited is a leading global information technology, consulting and business process services company. Parts of the current internal IT unit METRO-NOM including more than 1,300 employees will be transferred to Wipro; the remaining units with around 1,000 employees will develop IT solutions for METRO AG's operational business under the new brand METRO Digital.
The closing of the transaction is planned for the first half of 2021. The parties have agreed not to disclose the transaction volume.
Baker McKenzie advised METRO AG on all legal aspects of the complex transaction. This included the restructuring of IT services at METRO and the carve-out of METRO Digital, the transfer of METRO-NOM including its Romanian subsidiary as well as the agreement of the contractual framework for the IT services to be provided by Wipro in the future.
"In this challenging transaction, we were able to successfully support our long-standing client METRO with our IT and M&A expertise to position itself more efficiently and to focus even more on innovation and customer needs in the future," comments Dr. Heiko Gotsche, lead partner of the transaction.
METRO is a leading international wholesale company with food and non-food assortments that specialises on serving the needs of hotels, restaurants and caterers (HoReCa) as well as independent traders. Around the world, METRO has more than 16 million customers who can choose whether to shop in one of the large-format stores, order online and collect their purchases at the store or have them delivered. METRO in addition also supports the competitiveness of entrepreneurs and own businesses with digital solutions and thereby contributes to cultural diversity in retail and hospitality. Sustainability is a key pillar of METRO’s business. METRO has been listed in the Dow Jones Sustainability Index for 7 consecutive years.
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. The company harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help its clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro Limited has over 180,000 dedicated employees serving clients across six continents.
The global Corporate/M&A team of Baker McKenzie advises on more cross-border transactions than any other law firm. Most recently the team advised SK Telecom on a joint venture with Deutsche Telekom, LIVEKINDLY on the acquisition of LikeMeat, Chr. Hansen Holding A/S on the acquisition of Jennewein Biotechnologie GmbH, GEA on the sale of the compressor manufacturer Bock to NORD Holding, DBAG on an investment in congatec Holding AG, benpac hold-ing ag on the acquisition of Gallus Group, SAP on the sale of the communication unit SAP Digital Interconnect to Sinch AB, Air Liquide on the sale of the Schülke Group to the Swedish financial investor EQT, METRO AG on the establishment of a strategic partnership with Wumei Technology Group, Bayer AG on the sale of its majority stake in the chemical park operator Currenta, SPIE on the acquisition of OSMO, Toppan Printing Co. Ltd. on the acquisition of the German Interprint Group and Evonik on the sale of its methacrylate business to Advent International.
Legal advisor to METRO AG:
Corporate/M&A: Dr. Heiko Gotsche (partner), Dr. Ingo Strauss (partner, both Dusseldorf)
IT: Dr. Holger Lutz (partner, Frankfurt)
Corporate/M&A: Juan Garcia Jacobsen (associate), Dr. Kai Stefan Danelzik (associate, both Dusseldorf)
IT: Simone Rieken (senior associate, Frankfurt)
Public Law: Anahita Thoms (partner, Dusseldorf), Alexander Ehrle (associate, Berlin)
Antitrust: Dr. Nicolas Kredel (partner), Dr. Florian Kotman (associate, both Dusseldorf)
Employment: Dr. Christian Reichel (partner, Frankfurt)
Tax: Christoph Becker (partner), Ariane Schaaf (counsel, both Frankfurt)