Exela Technologies, Inc. acquired ASTERION International GmbH from BAVARIA Industries Group AG for €15 million.
April 09, 2018
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Exela Technologies, Inc. (NasdaqCM:XELA) acquired ASTERION International GmbH from BAVARIA Industries Group AG (XTRA:B8A) for €15 million on April 10, 2018. ASTERION generated sales of €60 million in 2017. Post-completion, Chief Executive Officer of ASTERION, Carsten Lind will join Exela along with his team. Kolja Petrovicki, Tatjana Schroeder, Julian Westpfahl, Oliver M. Bühr, Boris Christian, Madeleine Metzner, Heiko Wunderlich, Nicole Thomann and Eva Bonacker of SKW Schwarz, Charlotte-Riberprey-Jacob and Bertrand Jardel of PDGB Avocats, Christoph Hanssen and Wouter Den Haerynck of ELEGIS, Meltem Koning-Gungormez and Bas Kruijt of Kennedy van der Laan, Luca Mendicini and Giovanna Dimita of Carrabba & Partners and Rolf Chr. Trolls Andersen of Hjort acted as legal advisors for Exela. Hübner Schlösser & Cie acted as the financial advisor for BAVARIA Industries Group AG.
Exela Technologies, Inc. (NasdaqCM:XELA) completed the acquisition of ASTERION International GmbH from BAVARIA Industries Group AG (XTRA:B8A) on April 10, 2018.
Exela Technologies, Inc. is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. Its segments include Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS). ITPS provides industry-specific solutions for banking and financial services, including lending solutions for mortgages and auto loans, and banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination enrollments, claims processing, and benefits administration communication, among others. HS offerings include revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for both the healthcare payer and provider markets. LLPS solutions include processing of legal claims for class action and mass action settlement administrations.
EXELA TECHNOLOGIES, INC. 
