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26 June 2009

Asters Advises on Merger of Two Powerful European Developers of Mobile Technologies

Asters advised the German technology company Giesecke & Devrient GmbH (the Giesecke Group) on Ukrainian merger control law issues, including obtaining merger clearance from the Antimonopoly Committee of Ukraine (AMC) in connection with the acquisition of 100% of the shares of the Swedish company SmartTrust AB (the SmartTrust Group), which is famous for developing high quality software solutions for the telecommunication sector.

The Giesecke Group is a technology group which operates worldwide, specializing in banknote and securities printing, automatic currency processing equipment, and smart cards. It is also active in the development of system solutions in the fields of telecommunications, electronic payment, identification, etc. The SmartTrust Group is engaged in the development, implementation, and sales of software solutions for SIM cards and mobile device management.

In light of the combined experience of Giesecke Group in the development and production of smart cards and SmartTrust Group in the development of high-performance software solutions, including the re-programming of SIM cards, both companies will meet the growing demand for reliable and secure mobile applications on SIM cards. Furthermore, the transaction will strengthen the ability to help SIM card operators use new innovative technologies to improve customer service and focus on customers' needs. At the same time, the two companies will continue to resolutely enhance and refine SIM cards as a security platform with the reinforcement of the SmartTrust Group's software applications.

The filing with the AMC was handled by associates Tetiana Vovk and Iryna Tertytsia under the supervision of partner Igor Svechkar.

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