mobilezone is acquiring SIGA exchange GmbH and its associated US Army business
, 2022-12-18 23:45:00,
mobilezone holding ag / Keyword(s): Acquisition/M&A
19-Dec-2022 / 06:45 CET/CEST
Publication of an ad hoc announcement pursuant to art. 53 RL
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PRESS RELEASE
Ad-hoc announcement in accordance with art. 53 RL
Rotkreuz/Cologne, December 19, 2022
mobilezone Germany is acquiring its former business partner SIGA exchange GmbH, based in Heilbronn. SIGA operates the telecommunications business at all eleven US Army bases in Germany, primarily using Deutsche Telekom products. The merger will allow the immediate exploitation of synergies and the expansion of the existing business in the locations.
“SIGA is a very valuable addition to mobilezone,” said Wilke Stroman, CEO of mobilezone Germany. “His strategic guidance will strengthen our business with Deutsche Telekom.”
Ayhan Sentürk, founder and managing director of SIGA exchange GmbH, said: “ Regarding the further development of the SIGA business, I see mobilezone as the right partner for the future; therefore, the course for further success has been set.”
SIGA had a turnover of around EUR 6 in 2022. The purchase price was financed exclusively from mobilezone’s own resources. Both parties have agreed to the confidentiality of the financial details of the transaction. The expected completion date is January 6, 2023.
Ad-hoc announcement in accordance with art. 53 RL
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