Cresco

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Projective and shareholders in acquisition by Wincor Nixdorf

Cresco acted as lead counsel to Projective and its shareholders in the preparation, negotiation and closing of the acquisition of a majority stake in Projective by listed Wincor Nixdorf International, one of the world’s leading providers of IT solutions and services to retail banks and the retail industry.

The acquisition of Projective - a leading independent provider of program and project management to global financial services institutions, with offices in Brussels, The Hague and London – follows from the implementation of Wincor Nixdorf’s ongoing transformation program, which includes the international expansion of its software-related service business.

Founder Stefan Dierckx comments: “The hard-working Cresco lawyers are energetic, solution-oriented and very efficient to work with. They operate close to us and form part of the team.

More information regarding the transaction can be found in de Tijd and on Finextra.

Pieter Capiau and Yannick Verrycke led the Cresco team that advised Projective and its shareholders in this strategic acquisition.

For any further information or questions, please contact David Dessers or Pieter Capiau.

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