RCS - Gamma Communications - Gamma completes acquisition of Placetel

Gamma CommunicationsAnnouncement

23/09/2024 11:30

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RNS Number : 2560F  Gamma Communications PLC  23 September 2024

23 September 2024

RNS Reach

Gamma Communications plc

Gamma completes acquisition of Placetel

Gamma Communications plc ("Gamma"), a leading provider of technology-based
communication services across Europe, announces that it has completed the
acquisition of BroadSoft Germany GmbH, (known as "Placetel"), a market-leading
German cloud communications business, from Cisco. This acquisition further
strengthens Gamma's presence in Germany and deepens its partnership with
Cisco, as both companies work together to accelerate their business in the
region.

Background to Placetel

Founded in Cologne in 2008, Placetel provides Cisco UCaaS and Collaboration
solutions primarily to SOHO and SME businesses across Germany through its own
digital sales channels and a nationwide network of partners. It has a customer
base of approximately 260,000 seats across 35,000 businesses.

Strategic Rationale

This acquisition marks an important step in Gamma's ongoing strategy for
European growth, with Germany identified as a key market for expansion. By
leveraging Placetel's existing market presence across Germany, as well as its
well-known digital capabilities and brand, Gamma will broaden its customer
base and strengthen its position as a leading provider of business
communication solutions, further expanding its influence in Europe.

Transaction Details

Gamma has acquired the entire issued share capital of Placetel from Cisco. As
was referenced in Gamma's unaudited results for the six months ended 30 June
2024, in connection with the acquisition Gamma has entered into a multi-year
global license purchase commitment with Cisco. For the year ended 31 December
2023, unaudited Placetel revenue was approximately €28.7m, as reported under
German GAAP.

Gamma expects to disclose the provisional accounting for the acquisition in
the 2024 full year results.

Enquiries:

 Gamma Communications plc                         Tel: +44 (0)333 006 5972

 Andrew Belshaw, Chief Executive Officer          CompanySecretary@gamma.co.uk (mailto:CompanySecretary@gamma.co.uk)

 Bill Castell, Chief Financial Officer

 Rachael Matzopoulos, Company Secretary

 Peel Hunt (NOMAD & Broker)                       Tel: +44 (0)207 418 8900

 Neil Patel / Benjamin Cryer / Kate Bannatyne

 Deutsche Numis (Broker)                          Tel: +44 (0)207 260 1000

 Simon Willis / Hugo Rubinstein / Spencer Clark

 Teneo (PR Adviser)                               Tel: +44 (0)207 353 4200

 James Macey White / Matt Low / Ffion Dash        Gamma@teneo.com (mailto:Gamma@teneo.com)

 

Notes to Editors:

Gamma Communications plc is a leading provider of technology-based
communication services across Europe. Gamma is admitted to trading on AIM and
employs approximately 1,800 people. Offering a range of Unified
Communications, mobile, security and connectivity services, Gamma provides
robust and secure end-to-end business communication solutions, enabling
organisations to communicate, collaborate and offer a better customer
experience.

Gamma's vision is for a better-connected world in which it can work smarter
for the benefit of business, people, and the planet. Its primary market is the
UK, where it delivers network-based services to SME, Public Sector, and
Enterprise markets through its extensive network of trusted channel partners
and direct sales and support capabilities. Expanding its presence in Europe,
Gamma is continuing to grow its group of businesses focused on digital
transformation by delivering services to customers via a network of channel
partners in Germany, Spain, and the Benelux region.

For more information about Gamma and its comprehensive range of products and
services, please visit www.gammagroup.co (http://www.gammagroup.co/) .

 

 

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