adesso SE (XTRA:ADN1) signed an agreement to acquire 51% stake in Wepex GmbH on February 16, 2023. WEPEX GmbH?s current managing partners, Arno Radermacher, Frank Thole and Oliver Schlicht, will continue in their roles and work with adesso. WEPEX GmbH will continue to operate from its headquarters in Frankfurt am Main ?

in even closer collaboration with the adesso Group, which currently has over 8,300 employees at more than 50 locations around Europe. Ulrich Meyer, head of the banking division at adesso, will also become a member of the WEPEX management board. The 30 securities experts at WEPEX will now join the banking segment of the adesso Group.

Wepex GmbH generated revenue of ?5 million in 2022. The transaction is expected to close in the first quarter of 2023. Kay.

U. Koppen, Thomas Thiede, Daniel Wolgast and Arian Zafar of Spieker & Jaeger acted as the legal advisor to adesso SE (XTRA:ADN1).