DGAP-Adhoc: Gigaset signs exclusive agreement with Unify

2020. december 02., szerda, 09:58

DGAP-Ad-hoc: Gigaset AG / Key word(s): Contract/Alliance

Gigaset signs exclusive agreement with Unify

02-Dec-2020 / 09:58 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Ad hoc Message

WKN: 515600 / WKN A14KQ7

Bocholt, 02.12.2020

Gigaset signs exclusive agreement with Unify

Bocholt, 02.12.2020 [09:23 am] - Gigaset Communications GmbH, a subsidiary of Gigaset AG, has signed an exclusive agreement with Unify Software and Solutions GmbH & Co. KG.

Under the terms of the agreement, Unify will exclusively purchase the next family of terminals of desktop telephones being developed by Gigaset. To support this new partnership Gigaset purchased licenses for the necessary software components and interfaces for € 15 million. The outflow of liquidity will take place in 2020 and 2021. Gigaset is also entitled to use the acquired licenses in its own portfolio.

The approval of the existing financing partners, based on an approved financing concept, which is necessary for the agreement to take effect, was granted today. The contract has a minimum term of five years, starting with the delivery of the first product in 2022, and Gigaset expects to supply in total more than 5 million phones to Unify and Gigaset direct customers.

Gigaset AG is an internationally operating company in the area of communications technology. The company is Europe"s market leader in DECT telephones and is likewise a leader in the international arena, with around 900 employees and sales activities in around 50 countries. Its business activities comprise not only DECT phones, but also an extensive smartphone portfolio, cloud-based smart home solutions, and business telephony solutions for small, medium and large enterprises.

Gigaset AG is listed in the Prime Standard of Deutsche Börse and is therefore subject to the highest transparency requirements. Its shares are traded on the Frankfurt Stock Exchange under the symbol GGS (ISIN: DE0005156004).

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02-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Gigaset AG

Frankenstr. 2

46395 Bocholt

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 (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1152131

End of Announcement DGAP News Service

1152131  02-Dec-2020 CET/CEST

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