Philotech Systementwicklung Und Software Gmbh acquired usb Management Consulting and System Development GmbH from CS Communication & Systemes SA (ENXTPA:SX) and others on April 28, 2016. CS Communication & Systemes SA sold 51% stake in usb Management Consulting in the deal. The business form, address and existing organizational structure remains unchanged. usb reported an annual sales of €2.6 million in 2015. The management of usb GmbH will be undertaken jointly by the current Chief Executive of usb GmbH, Detlef Haesner, and the Chief Executive of Philotech GmbH, Hartwig Dirscherl. Peter Längle of Rödl & Partner acted as legal advisor for Philotech.

Philotech Systementwicklung Und Software Gmbh completed the acquisition of usb Management Consulting and System Development GmbH from CS Communication & Systemes SA (ENXTPA:SX) and others on April 28, 2016.