February 2019: I-ADVISE AG advised Erich Utsch AG, Siegen, in realigning its business strategy divesting shares in a financial holding and assuming the majority shareholding in an Australian company.
Transactions executed for that purpose by the end of 2018 comprised the sale of all shares held by Erich Utsch in UTSCH Tönnjes International (“UTI”) and the acquisition of a majority stake in Australian LicenSys Pty Ltd. (“LicenSys”). The transactions are aimed to further drive forward Erich Utsch’s differentiation from competitors and strengthen its market positioning. Through the take-over of a majority interest in LicenSys, Erich Utsch has become market leader in Australia, New Zealand and Oceania. The acquisition also enables Erich Utsch to expand its technological base.
Erich Utsch AG is the global leader in the production of license plates and related system solutions.
I-ADVISE provided business consultancy with respect to specific economic issues in the context of the divestment of Erich Utsch AG’s UTI participation and the take-over of shares in LicenSys.