CMS has advised euNetworks Group Limited on the acquisition of the 100% of shares in Onstage Online GmbH in Austria. Baier Partners advised the sellers on the deal.
Onstage is a fiber provider in Vienna that was founded in 1995 by Robert Dornetshuber as one of the first Internet service providers in the Austrian market.
EuNetworks Group Limited is a Western European bandwidth infrastructure company. The company owns and operates deep fiber networks in 14 cities across Europe and operates a differentiated long haul network that spans the region.
EuNetworks Chief Executive Officer Brady Rafuse commented that, “the acquisition of Onstage adds further uniqueness to our fiber based infrastructure. Our long haul network connects into Vienna. The addition of Onstage to euNetworks adds to our metropolitan network portfolio and immediately delivers diversity and reach in this growing market,” he said describing Vienna as an important internet hub for proximity to Germany and as a hub for eastbound traffic to Asia and the Middle East.
“This is a highly complementary business to euNetworks and growing our presence in Austria was a logical next step in our development. The combined footprint will deliver immediate value to both existing customers and our new customers that we welcome from Onstage," Rafuse added.
The CMS team was led by Partner Alexander Rakosi and Associate Marie-Christine Lidl, supported by Partners Johannes Hysek, Thomas Hamerl, Sibylle Novak, and Andrea Potz, Attorneys-at-law Lisa Oberlechner and Daniel Kropf, and Associates Marco Selenic and Mariella Kapoun.
The Baier Partners team consisted of Partner Alexander Grohmann and Attorney-at-Law Elke Hule-Medek.