Gigaset signs exclusive agreement with Unify
12/02/2020 - 10:00 Ad Hoc News created by Raphael Dörr, SVP Corporate Communications & Investor Relations, Gigaset AG
Bocholt, December 2nd, 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 published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 10:20:00 UTC