Founded in 2006 by CEO Maximilian Pohl in Berlin, MeinHotSpot is a Germany-wide active wireless network solutions provider, including planning, configuration, installation and monitoring of WLAN systems primarily for hotels, guesthouses, cafés, camping sites as well as other diversified target customers.
The buyer Socialwave, founded 2013 in Munich, is a fast-growing wireless local area network marketing packages services provider, including data analysis, social media, advertising, e-mail and WhatsApp applications. A key aspect of the merger transaction was the complete transfer of MeinHotSpot shares in exchange for Socialwave shares and a partial cash settlement in consideration of the associated valuation, accounting and taxation issues. The integration of the MeinHotSpot customer base enables Socialwave to dynamically continue its impressive market growth strategy.
Regarding the associated tax optimization issues of the merger transaction, Saxenhammer & Co. was accompanied by the Cologne-based specialist law firm Kurth Rechtsanwälte.