DLA Piper has advised Verivox on the takeover of a brokerage business and the insurance manager app solution from Getsafe. The app enables customers to manage existing insurance contracts digitally, receive advice online and acquire new insurance policies. In future, Getsafe will be focusing exclusively on growth as a digital insurance provider. The companies have agreed not to disclose the purchase price.

Verivox is an independent consumer portal for contracts concerning the topics of electricity and gas, Internet and mobile telephony, finance and insurance, travel, commission-free properties, cars and motorcycles. The company employs approximately 500 people. With this acquisition, Verivox is making a significant expansion to its insurance business.

The DLA Piper advisory team led by partner Jan Eltzschig (Corporate/M&A, Cologne) comprised partners Prof Dr Stefan Engels (IPT, Hamburg), Dr Marie-Theres Rämer (Tax, Frankfurt), Dr Gunne Bähr (Insurance) and Dr Bernd Borgmann (Employment, both Cologne), counsels Heike Schmitz (Corporate/M&A, Cologne), Verena Grentzenberg (IPT, Hamburg) and Dr Volker Lemmer (Insurance, Cologne), senior associate Dr Nico Brunotte (IPT, Hamburg) as well as associates Marjel Dema (Corporate/M&A) and Tom Stiebert (Employment, both Cologne).