DABERO acquires icubic

Munich-based DABERO Service Group GmbH (DABERO), acquires more than 95% of the shares in Magdeburg-based icubic AG. As an independent holding company DABERO intends to build a leading IT service group in the DACH region.

DABERO identifies its targets in a way that they can benefit from the joint size of the whole group. Particular advantages of the mergers for each individual company are the broader services and products to be rendered, the common access to customers, the accumulation of know-how, a better access to IT specialists and management and better financing conditions.

Icubic AG was founded 1999 and has experienced rapid growth in the last years. It fits perfect to the requirement profile of DABERO. With some 150 highly qualified employees icubic develops, produces and sells IT solutions for international financial service providers inter alia with products in the segment of electronic brokerage and comparable services.

In 2013, TRACC LEGAL already advised the former owner of HighQ IT GmbH in selling its shares to icubic. Since then such former owner of HighQ IT GmbH was a member of the board of icubic and a minority shareholder. Based on his recommendation TRACC Legal, with Dr. Thomas Lotz and Dr. Thorsten Steinhaus in charge, also advised the majority shareholders of icubic in selling their shares to DABERO.