Listed German company GFT Technologies, a leader in its sector with an already established presence in Spain, has reached an agreement to acquire the share capital of Adesis Netlife, a Spanish company specializing in IT services for financial institutions, and its subsidiaries.
The transaction, which was carried out through the German company's Spanish subsidiary GFT Iberia Holding, will help GFT Technologies to strengthen its position in the Spanish market and to drive its expansion in Latin America.
Cuatrecasas, Goncalves Pereira advised GFT Technologies on the acquisition, mainly through its Corporate and Commercial Practice. Partner Víctor Xercavins, senior associate Isabel Gandoy and associate Javier Alós led the transaction, while lawyers from other practice areas also participated.