REG - Gamma Communications - Gamma completes acquisition of STARFACE

Gamma CommunicationsAnnouncement

20/02/2025 07:15

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RNS Number : 7758X  Gamma Communications PLC  20 February 2025

 

20 February 2025

 

Gamma Communications plc

 

Gamma completes acquisition of STARFACE

 

Further to the announcement on 14 January 2025, Gamma Communications plc
("Gamma"), a leading provider of technology-based communication services
across Europe, is pleased to confirm that it has completed the acquisition of
100% of the equity of SF Technologies Holding GmbH (trading as STARFACE), a
market leader in proprietary business communication and collaboration software
solutions tailored to the German market, following regulatory clearance.

 

The terms of the transaction remain as disclosed in the 14 January 2025
announcement. £30m has been funded through the new Revolving Credit Facility,
and the remainder covered by Gamma's existing cash resources. The cash outlay
for the acquisition (excluding transaction costs) was €201.6m. After taking
account of net cash and working capital, this equates to €196m (£164m) on a
cash-free, debt-free basis.

Andrew Belshaw, CEO of Gamma, commented:

"We are delighted to have completed the acquisition of STARFACE. This marks
the beginning of an exciting new chapter, allowing us to accelerate cloud
adoption and innovation across the DACH region. We look forward to working
closely with our new colleagues, partners, and customers to drive the future
of cloud communications across Europe."

 

 Enquiries:

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

 Andrew Belshaw, Chief Executive Officer

 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

Notes for editors:

Gamma Communications plc is a leading provider of technology-based
communication services across Europe. Gamma is admitted to trading on AIM and,
following the acquisition of STARFACE, employs approximately 2,200 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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