Reference Transaction

Advising Meinhotspot GmbH on the sale to Socialwave GmbH

Meinhotspot GmbH
Socialwave GmbH

SECTOR

Technology

TRANSACTION TYPE

Sell-side M&A

CLOSING TIME

16/01/2019

Press Release

Official deal announcement

View Press Release

Meinhotspot was founded in Berlin in 2006 and is a Germany-wide provider of wireless network solutions. The company takes on the planning, configuration, installation and monitoring of WLAN systems, primarily for hotels, guesthouses, cafés and campsites.

Socialwave is a fast-growing provider of marketing packages for wireless local networks, including data analytics, social media, advertising, email and WhatsApp applications. Socialwave saw the integration of the Meinhotspot customer base as an opportunity to dynamically continue its market growth strategy.

Saxenhammer Transaction Team

Following transaction team facilitated the transaction for our client.

About the sector

Technology

In the era of digitalisation, the German technology sector is particularly significant. The sector not only represents an important branch of the economy with more than EUR 230 b in annual turnover, one million jobs and almost 7% of total economic output. In the context of digitalisation, the sector is above all a central driver of innovation that has a significant impact on other sectors.