Corporate | 22 January 2014 10:00
|
Gigaset AG / Key word(s): Disposal
Gigaset to sell SM Electronic Munich, January 22, 2014 – The Gigaset Group is selling its subsidiary SM Electronic GmbH. The company is being sold to Microelectronic NH GmbH, which is adding SME to its company group as a strategic investment. Both parties have agreed not to disclose any information on the purchase price. Through the sale of SM Electronic, Gigaset AG is divesting one of the last business fields identified for discontinuation as part of the strategic realignment and the resulting change from an affiliated company to a pure telecommunications company. SM Electronic markets set-top boxes, satellite systems, cables and other TV accessories. In 2012, the company posted annual revenue of EUR17.7 million. Gigaset recently announced its intention to enter the market for smartphones and tablets in addition to its core DECT telephone business. The company launched its first two tablets on the market in December 2013. Gigaset AG , Munich, is an internationally operating company in the area of communications technology. The Company is Europe’s market leader in DECT telephones. The premium supplier ranks second worldwide with around 1,400 employees and a market presence in around 70 countries. Gigaset AG is listed on the Prime Standard of Deutsche Börse and so is subject to the very highest requirements for transparency. Its shares are traded on the Frankfurt Stock Exchange under the symbol ‘GGS’ (ISIN: DE0005156004). Contact: Gigaset AG Stefan Zuber, Corporate Communications Kerstin Diebenbusch, Investor Relations Phone: +49 (0)89 444456-866 Phone: +49 (0)89 444456-937 E-mail: info.presse@gigaset.com E-mail: info@gigaset.com
End of Corporate News 22.01.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Gigaset AG | |
| Hofmannstraße 61 | ||
| 81379 München | ||
| Germany | ||
| Phone: | +89444456937 | |
| Fax: | +89444456930 | |
| E-mail: | kerstin.diebenbusch@gigaset.com | |
| Internet: | www.gigaset.com | |
| ISIN: | DE0005156004 | |
| WKN: | 515600 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
|
|
| 249046 22.01.2014 |