Mobile zone maintenance ag / Keywords: acquisitions/mergers and acquisitions
19-Dec-2022 / 06:45 CET/CEST
Ad-hoc announcement pursuant to Art. 53 LR
Rotkreuz/Cologne, 19 December 2022
mobilezone Germany acquires its long-term business partner SIGA exchange GmbH, based in Heilbronn. SIGA operates a telecommunications business at eleven US military bases in Germany, primarily with Deutsche Telekom products. The merger will allow immediate exploitation of synergies and expansion of existing businesses in the locations.
“SIGA is a very valuable addition to MobileZone,” noted Willek Stromann, CEO of MobileZone Germany. “This strategic orientation will strengthen our business with Deutsche Telekom.”
Ayhan Centruck, founder and managing director of SIGA Exchange GmbH, said, “In terms of the further development of SIGA’s business, I see MobileZone as the perfect partner for the future; thus, setting the path for further success. It’s done.”
SIGA had a turnover of around 6 euros in 2022. The purchase price was exclusively financed using Mobile Zone’s own resources. Both parties have agreed to confidentiality regarding the financial details of the transaction. The planned completion date is January 6, 2023.
About mobile zone
The MobileZone Group has around 1,000 employees at its sites in Rottweiler, Urnsch, Cologne, Bochum, Münster and Berlin. The services and products offered by the group include a full range of mobile phones from all providers and tariff plans for mobile and fixed line telephony, digital TV and Internet. Independent consulting and services for private and commercial customers, repair services and supply to retailers complete the offer. Services and products are available online through various web portals and in more than 120 stores in Switzerland.
About the German mobile zone
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|Company:||Mobile Zone Maintenance AG|
|Phone:||041 400 24 24|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1515869|
|End of advertisement||EQS News Service|
1515869 19-Dec-2022 CET/CEST
Technical Analysis Trends MOBILEZONE HOLDING AG
|short term||medium term||long term|
Evolution of the Income Statement
|Number of analysts||4|
|Last close price||15,30 CHF|
|Average target price||19,13 CHF|