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

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