Gigaset AG: Gigaset Communications GmbH sells business operations to Snom
Solutions GmbH as part of an asset deal

EQS-Ad-hoc: Gigaset AG / Key word(s): Takeover/Mergers & Acquisitions
Gigaset AG: Gigaset Communications GmbH sells business operations to Snom
Solutions GmbH as part of an asset deal

24-Jan-2024 / 12:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc Release
WKN: 515600 / WKN A14KQ7

Bocholt, January 24th, 2024


Gigaset Communications GmbH sells business operations to Snom Solutions GmbH
as part of an asset deal

Bocholt, January 24th, 2024 (12:51) - Gigaset AG announces that its indirect
subsidiary Gigaset Communications GmbH, which has been in insolvency
proceedings under its own administration since 20 September 2023, today
agreed to sell significant assets to Snom Solutions GmbH as part of an asset
deal and thus transfer its business operations to Snom Solutions GmbH.

Snom Solutions GmbH is a provider of VoIP-based information and
telecommunications technology and corresponding software based in Berlin. It
is an indirect subsidiary of VTech Holdings Limited, a leading global
manufacturer of electronic learning products for toddlers and preschoolers
and the largest manufacturer of landline telephones in the United States.

Conditions still have to be met as part of the takeover, so that the
transaction is expected to be completed on April 2nd 2024. The intangible
assets of the seller, including all IP rights as well as land, plant and
equipment, technical equipment and machinery as well as inventories in
connection with the development, production and sale of DECT telephones will
be transferred to Snom Solutions GmbH. On this basis, the planned
reorganisation and securing the economic future of the business operations
will then take place.


Gigaset AG, Bocholt, is an internationally active company in the field of
communications technology. The company is Europe's market leader in DECT
telephones and is also an international leader with around 850 employees and
sales activities in over 50 countries. In addition to DECT cordless phones,
its business activities include Android-based smartphones, cloud-controlled
smart home applications and business telephony solutions for SoHo, SMEs and
enterprise customers. The traditional company with a 175-year company
history is characterised in particular by its 'Made in Germany' production.
The company is headquartered in Bocholt, Germany. It also maintains a
software development centre in Wroclaw, Poland, as well as numerous sales
offices in Europe and Asia.


End of Inside Information

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   Language:       English
   Company:        Gigaset AG
                   Frankenstr. 2
                   46395 Bocholt
                   Germany
   Phone:          +49 (0)89 444 456 866
   Fax:            +49(0)89 444 456 930
   E-mail:         info@gigaset.com
   Internet:       www.gigaset.com
   ISIN:           DE0005156004
   WKN:            515600
   Listed:         Regulated Market in Frankfurt (General Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1822181

End of Announcement EQS News Service
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1822181 24-Jan-2024 CET/CEST