|
EQS-Ad-hoc: Gigaset AG / Key word(s): Takeover/Mergers & Acquisitions Ad hoc Release Bocholt, January 24th, 2024
Bocholt, January 24th, 2024 [12:51] – Gigaset AG announces that its indirect subsidiary Gigaset Communications GmbH, which has been in insolvency proceedings under its own administration since 20 September 2023, today agreed to sell significant assets to Snom Solutions GmbH as part of an asset deal and thus transfer its business operations to Snom Solutions GmbH. Snom Solutions GmbH is a provider of VoIP-based information and telecommunications technology and corresponding software based in Berlin. It is an indirect subsidiary of VTech Holdings Limited, a leading global manufacturer of electronic learning products for toddlers and preschoolers and the largest manufacturer of landline telephones in the United States. Conditions still have to be met as part of the takeover, so that the transaction is expected to be completed on April 2nd 2024. The intangible assets of the seller, including all IP rights as well as land, plant and equipment, technical equipment and machinery as well as inventories in connection with the development, production and sale of DECT telephones will be transferred to Snom Solutions GmbH. On this basis, the planned reorganisation and securing the economic future of the business operations will then take place.
Gigaset AG, Bocholt, is an internationally active company in the field of communications technology. The company is Europe's market leader in DECT telephones and is also an international leader with around 850 employees and sales activities in over 50 countries. In addition to DECT cordless phones, its business activities include Android-based smartphones, cloud-controlled smart home applications and business telephony solutions for SoHo, SMEs and enterprise customers. The traditional company with a 175-year company history is characterised in particular by its "Made in Germany" production. The company is headquartered in Bocholt, Germany. It also maintains a software development centre in Wroclaw, Poland, as well as numerous sales offices in Europe and Asia. End of Inside Information
24-Jan-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Gigaset AG |
| Frankenstr. 2 | |
| 46395 Bocholt | |
| Germany | |
| Phone: | +49 (0)89 444 456 866 |
| Fax: | +49(0)89 444 456 930 |
| E-mail: | info@gigaset.com |
| Internet: | www.gigaset.com |
| ISIN: | DE0005156004 |
| WKN: | 515600 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1822181 |
| End of Announcement | EQS News Service |
|
|
1822181 24-Jan-2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
