DGAP-News: Gigaset AG: Gigaset to sell SM Electronic

| Source: EQS Group AG
DGAP-News: Gigaset AG / Key word(s): Disposal
Gigaset AG: Gigaset to sell SM Electronic

22.01.2014 / 10:00


Gigaset to sell SM Electronic

Munich, January 22, 2014 - The Gigaset Group is selling its subsidiary SM
Electronic GmbH. The company is being sold to Microelectronic NH GmbH,
which is adding SME to its company group as a strategic investment. Both
parties have agreed not to disclose any information on the purchase price.

Through the sale of SM Electronic, Gigaset AG is divesting one of the last
business fields identified for discontinuation as part of the strategic
realignment and the resulting change from an affiliated company to a pure
telecommunications company. SM Electronic markets set-top boxes, satellite
systems, cables and other TV accessories. In 2012, the company posted
annual revenue of EUR17.7 million.

Gigaset recently announced its intention to enter the market for
smartphones and tablets in addition to its core DECT telephone business.
The company launched its first two tablets on the market in December 2013.


Gigaset AG, Munich, is an internationally operating company in the area of
communications technology. The Company is Europe's market leader in DECT
telephones. The premium supplier ranks second worldwide with around 1,400
employees and a market presence in around 70 countries.

Gigaset AG is listed on the Prime Standard of Deutsche Börse and so is
subject to the very highest requirements for transparency. Its shares are
traded on the Frankfurt Stock Exchange under the symbol 'GGS' (ISIN:


Gigaset AG

Stefan Zuber, Corporate Communications  Kerstin Diebenbusch, Investor

Phone: +49 (0)89 444456-866             Phone: +49 (0)89 444456-937 

E-mail: info.presse@gigaset.com         E-mail: info@gigaset.com

End of Corporate News


22.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                               
Company:     Gigaset AG                                            
             Hofmannstraße 61                                      
             81379 München                                         
Phone:       +89444456937                                          
Fax:         +89444456930                                          
E-mail:      kerstin.diebenbusch@gigaset.com                       
Internet:    www.gigaset.com                                       
ISIN:        DE0005156004                                          
WKN:         515600                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
End of News    DGAP News-Service  
249046 22.01.2014