Mobilezone is acquiring SIGA exchange GmbH and its associated US Army business



Mobile zone maintenance ag / Keywords: acquisitions/mergers and acquisitions
mobilezone acquires SIGA Exchange GmbH and its associated US Army business

19-Dec-2022 / 06:45 CET/CEST
Promulgation of ad hoc notice pursuant to Art. 53 LR
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press release

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
Founded in 1999, mobilezone holding AG is the leading independent Swiss and German telecommunications specialist with sales of CHF 982 million and a net profit of CHF 50.7 million in the 2021 reporting year. SIX SWISS EXCHANGE AG.

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.
www.mobilezoneholding.ch/en

About the German mobile zone
mobilezone Deutschland GmbH covers the German business of the mobilezone group headquartered in Rotkreis. The German business of MobileZone Group includes the companies Powwow GmbH and Powwow Berlin GmbH, where the e-commerce end-customer brands are concentrated. The latter specializes in the sale of mobile telecommunications contracts and mobile phones in Germany. mobilezone Handel GmbH, based in Münster, deals with indirect B2B business. Pavo is the market leader in the German indirect telecommunications market. More than 80% of the market is covered by Safarhandi, Dan Handy, Handstar, HIGH and SH brands. Powwow reaches its customers primarily online, but also in specialty retail, wholesale and television. The powwow employs about 300 people.
www.powwow.de


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Also Read :  Troika Media : Accelaration/Increase of Financial Obligation - Form 8-K
Language: English
Company: Mobile Zone Maintenance AG
Sorostofi 22
6343 Rotkreuz
Switzerland
Phone: 041 400 24 24
Email: [email protected]
Internet: mobilzoneholding.ch, mobilezon.ch
ISIN: CH0276837694
Courage: A14R33
Listed: SIX Swiss Exchange
EQS News ID: 1515869

End of advertisement EQS News Service

1515869 19-Dec-2022 CET/CEST

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EQS 2022

All news about MOBILEZONE HOLDING AG

Sales 2022 1009 AD
1 081 AD
889 AD
Net income 2022 57.3 m
61,4 m
50,5 m
Net debt 2022 80,8 m
86,6 m
71,3 m
P/E ratio 2022 11,7x
Harvest 2022 6.21%
investment 664 AD
712 AD
586 AD
EV / Sales 2022 0.74x
EV / Sales 2023 0.72x
Number of employees 994
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Technical Analysis Trends MOBILEZONE HOLDING AG

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Trends bearish unbiased unbiased

Evolution of the Income Statement

to sell

purchase

Meaning consensus purchase
Number of analysts 4
Last close price 15,30 CHF
Average target price 19,13 CHF
Spread/average target 25.0%


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