The car manufacturer Audi and the IT services company Lufthansa Industry Solutions are planning to set up a joint venture. The new company will focus on the areas of IT security and cloud platform development and offer consulting services and strategic applications, among other things. The closing of the transaction is subject to the usual regulatory approvals.
By founding the joint venture, the two companies are strengthening their existing cooperation. Audi brings knowledge from the automotive industry to the joint venture, Lufthansa Industry Solutions, a wholly owned subsidiary of Lufthansa, IT expertise. Further details, such as the name of the joint venture, will be announced in due course.
GLNS advised Audi on the establishment of the joint venture with Dr Tobias Nikoleyczik, Nadja Crombach (Corporate) and Dr Anselm Lenhard (Finance). Dentons advised on antitrust law.
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