mobilezone is acquiring SIGA exchange GmbH and its associated US Army business
mobilezone holding ag / Key word(s): Acquisition/Mergers & Acquisitions PRESS RELEASE |
Ad-hoc announcement pursuant to Art. 53 LR
Rotkreuz/Cologne, 19 December 2022
mobilezone Germany is acquiring its long-standing business partner SIGA exchange GmbH, based in Heilbronn. SIGA operates the telecommunications business at the eleven bases of the US Army in Germany, primarily with Deutsche Telekom products. The merger will permit immediate exploitation of synergies and expansion of the existing business at the locations.
"SIGA is a highly valuable addition to mobilezone," noted Wilke Stroman, CEO of mobilezone Germany. "Its strategic orientation will reinforce our business with Deutsche Telekom."
Ayhan Sentürk, founder and managing director of SIGA exchange GmbH said, " With regard to the further development of the SIGA business, I see mobilezone as the right partner for the future; thus, the course for further success has been set."
SIGA had a turnover of about EUR 6 in 2022. The purchase price was exclusively financed using mobilezone's own resources. Both parties have agreed on confidentiality regarding the financial details of the transaction. The planned completion date is 6 January 2023.
Contact for analysts, investors and media professionals
Markus Bernhard
Chief Executive Officer
mobilezone holding ag
mobilezoneholding@mobilezone.ch
About mobilezone
Founded in 1999, mobilezone holding ag is the leading independent Swiss and German telecoms specialist with sales of CHF 982
million and a net profit of CHF 50.7 million in the reporting year 2021. The registered shares of mobilezone holding ag (MOZN) are traded on the SIX Swiss Exchange AG.