Ashurst advised IT outsourcing and business process outsourcing service provider Xerox on the acquisition of all shares in Invoco Holding GmbH ('Invoco'). The parties have agreed not to disclose the purchase price.

Invoco Group employs around 1,800 staff in ten client service centres in Berlin, Göttingen, Halle, Hamburg, Kassel, Kiel, Lübeck, Magdeburg, Schwerin and Wismar. The group's head office is located in Hamburg.

The Ashurst team was jointly led by partner Dr Ingo Scholz and senior associate Dr Carolin Fenck (both Corporate). Partners Dr Klaus Herkenroth (Tax), Dr Andreas Mauroschat (Employment) and Ute Zinsmeister (Competition, Munich) as well as counsel Dr Anna-Katharina Lohbeck (Commercial, all Frankfurt) also advised. Associates Dr Kim Laura Frank (Corporate), Susanne Knoch (Tax, both Frankfurt) and Maria Held (Competition, Munich) supported.