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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.
Ad hoc Release
WKN: 515600 / WKN A14KQ7
Bocholt, January 24^th, 2024
Gigaset Communications GmbH sells business operations to Snom Solutions GmbH as part of an asset deal
Bocholt, January 24^th, 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 2
^nd 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
24-Jan-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.

Archive at www.eqs-news.com  
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

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END) Dow Jones Newswires

January 24, 2024 06:52 ET (11:52 GMT)