NFON AG (together with its subsidiaries “NFON” or the “company”), the only pan-European cloud-PBX provider (cloud telephone system), has announced the closing of the signed acquisition of Deutsche Telefon Standard AG (DTS AG) of February 6th 2019.
The share purchase agreement with the former shareholders of DTS AG has been closed today after the audit of the annual financial statements 2018 of DTS AG. After closing of the agreement and the transferal of cash, former shareholders of DTS AG will participate in NFON by receiving new shares as part of a capital increase with a total volume of around EUR 2.5 million from authorized capital. To this end, the share capital of NFON will be increased by 284,738 shares; the share capital amounts to 14,091,554 euros after the capital increase and will be divided into 14,091,554 no-par value shares. The registration of the capital increase at the Commercial Registry as well as admission of shares for trading at Frankfurt’s stock market will follow subsequently.
Hans Szymanski, CEO and CFO of NFON AG: “We want to be the number 1 provider for cloud telephone systems in Europe. To achieve this goal, acquisitions are an essential pillar of our growth strategy, in order to win further shares in this promising market. With Deutsche Telefon Standard AG we have successfully made the first step. The acquisition is a grand achievement for the NFON Group. We have strengthened our leading position in Germany and now own a very unique cloud portfolio in Europe.”
Founded in 2007, DTS AG from Mainz specializes in SIP communication (Session Initiation Protocol) in Germany. The company has 65 well experienced employees and with its SIP PBX system CentrexX, Deutsche Telefon Standard AG also sells a cloud telephone system in the mid-market segment. Through this acquisition NFON Group’s customer base increases from previously 305.000 seats (as of September 30th 2018) to over 355.000 seats and over 35.000 SIP-Trunk-Channels. At the same time, the DSL as well as SIP-Trunk-Solutions complement the hitherto existing product portfolio of NFON. Additional sales channels open up through the expansion of the partner network in Europe exceeding 2.000 partners. In the light of the ongoing conversion from ISDN to All-IP by the European network operators, NFON offers its customers a smooth transition to future-proof cloud PBX technology.
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About NFON AG
Headquartered in Munich, NFON AG is the only pan-European cloud PBX provider – counting more than 20,000 companies across 13 European countries as customers. With Cloudya, NFON offers an easy-to-use, independent and reliable solution for advanced cloud business communications. Further premium and industry solutions complete the portfolio in the field of cloud communications. With our intuitive communications solutions, we enable European companies to improve their work a little, every single day. NFON is the new freedom in business communication. http://www.nfon.com/
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