Foxway, one of the largest specialists in IT-lifecycle management in Northern-Europe, has acquired the German Flip4 GmbH from its six shareholders, including the founders and Media-Saturn-Holding GmbH. Taylor Wessing acted under the leadership of its Munich Salary Partner Dr. Rebekka Krause as German legal counsel of Foxway in this transaction. The transaction is an important part in Foxway’s strategy to become the leading company in reuse, repair and sourcing of ICT-devices in Europe. So far, Foxway had offices in Norway, Sweden, Finland, Estonia and Spain. The group had a turnover of EUR300 million in 2020 and employs more than 700 employees. Flip4 is one of the leading Re-commerce businesses in Germany with around 40 employees located close to Frankfurt. Foxway has grown with over 30 percent annually during the last years. The parties agreed not to reveal the purchase price.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
