E+H advises Materna in the acquisition of Radar Cyber Security


E+H advised Materna Information & Communications SE (Materna), a leading German IT consulting company specializing in digitalization projects, on the acquisition of 100% of the shares in the Austrian RadarServices Smart IT-Security GmbH (Radar Cyber Security), provider of a comprehensive technical platform solution for cyber security and IT risk detection.

The inclusion of Vienna-based cyber security provider Radar Cyber Security in Materna’s service portfolio completes its range of security solutions. The platform developed by Radar Cyber Security for setting up Security Operations Centers (SOC) will be continued by Materna. The goal is to become one of the leading end-to-end providers and consultants for cyber security in the DACH region.

Demand for cyber security services is steadily increasing worldwide, in both the public and private sectors. For example, attacks on IT systems of financial service providers, companies in the energy sector, or companies at the federal level are becoming increasingly complex and require comprehensive deployment of IT security control centers (SOCs) so that security vulnerabilities can be quickly identified, analyzed, and remediated.

One of the founders of Radar Cyber Security, Dr. Christian Polster, will remain on the management board, but moving forward he will carry out this activity jointly with Eugenio Carlon, the previous head of cyber security at Materna.

“We are pleased to have been able to support Materna in the expansion of its cyber security portfolio and wish Radar Cyber Security and Materna all the best for the next steps,” says E+H M&A expert Johannes Feilmair, who led the E+H team in advising Materna.

E+H Team

Johannes Feilmair (Lead Partner, Corporate + M&A), Dr. Jana Eichmeyer (Employment Law), Dr. Laurenz Liedermann (Banking + Finance), Dr. Jochen Anweiler (Antitrust Law),
Associates: Laura Glibusic (Corporate + M&A), Anna Talos (Corporate + M&A), Gabriel Straßer (Corporate + M&A), Christian Cacic (Banking + Finance), Theresa Weiss-Dorer (Employment Law)

Inhouse Counseling Materna

Dr. Jan Bünnemeyer

Tax: TPA

Roland Reisch, Yasmin Wagner

Advising seller majority shareholder: Dorda Rechtsanwälte GmbH

Dr. Jürgen Kittel

Advising RadarServices + seller minority shareholder: Binder Grösswang Rechtsanwälte GmbH

Dr. Thomas Schirmer

About Materna

The Materna Group implements sustainable IT and digitization projects for customers from corporations, medium-sized businesses, and public authorities. With more than 3,200 employees worldwide, Materna generates turnover of EUR 433 million (2021). Practical knowledge and competencies are bundled along nine focus areas. In the focus areas of Digital Administration, Enterprise Service Management, and Passenger Journey, Materna has been a market leader for many years. With the focus areas SAP Transformation, Journey2Cloud™ and Cyber Security, Materna offers solutions for the currently most pressing challenges in almost all industries. In the focus areas of Digital Experience, Sustainability & Resilience, and Data Economy, Materna offers solutions that enable customers to position themselves for long-term sustainability and value generation.