DGAP-News: Gigaset AG / Key word(s): Disposal
Gigaset AG: Gigaset to sell SM Electronic
22.01.2014 / 10:00
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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.
http://blog.gigaset.com.
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
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22.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Gigaset AG
HofmannstraÃe 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
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249046 22.01.2014
DGAP-News: Gigaset AG: Gigaset to sell SM Electronic
| Source: EQS Group AG