DGAP-News: Gigaset AG: ARQUES Industries AG becomes Gigaset AG
(firmenpresse) - DGAP-News: Gigaset AG / Key word(s): Miscellaneous
Gigaset AG: ARQUES Industries AG becomes Gigaset AG
22.02.2011 / 13:04
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Munich, 22 February 2011 - As decided by the shareholders with a majority
of over 90% at the extraordinary general meeting in December 2010, ARQUES
Industries AG will in future be called Gigaset AG. The new company name
expresses the required drastic changes to the strategy and constitutes a
departure from the previous business model which was closely associated
with the name ARQUES Industries AG, and the acquisition and restructuring
of companies in transitional situations.
The core of the new business model, which is to focus on the subsidiary
Gigaset Communications GmbH, is the telecommunications sector including
accessories. Gigaset is a profitable medium-sized global player, European
market and technology leader as well as a price leader in DECT telephony.
DECT stands for Digitally Enhanced Cordless Telecommunications and is the
most successful telecommunications standard in the world. As a premium
provider, Gigaset has a brand awareness level of 90% in Germany. European
market leader, the company which is represented in over 70 countries with
1,700 employees, ranks second world-wide in its industry. In the financial
year 2010, the company generated revenues of approximately EUR 504 million
in its continued business activities and an EBITDA of just under EUR 51
million and has thus performed above the published annual forecast.
'As of March 4, 2011 we will also spatially unite with Gigaset
Communications GmbH in their current administrative location in Munich. The
new shortened communication channels will facilitate rapid and closely
coordinated decisions, promote co-operation, and expresses the future
mutual strategy and organisational culture of both companies,' said Maik
Brockmann of the Gigaset AG Executive Board.
About Gigaset AG: Gigaset AG, Munich, is a worldwide operating equity
investment company focusing on telecommunication and accessories. Gigaset
AG is the parent company of the Gigaset Group, the leading producer of
cordless phones worldwide and the market leader in Europe for DECT phones.
The shares of Gigaset AG (ARQUES Industries AG) are traded in the Prime
Standard of the Frankfurt Stock Exchange. Symbol: AQU, ISIN: DE0005156004.
Contact:
Gigaset AG
Investor Relations
Email: info(at)arques.de
Tel: 089/ 25 55 00 - 0
End of Corporate News
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22.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Gigaset AG
Arnulf Office Park - Arnulfstraße 37-39
80636 München
Deutschland
Phone: +49 89/255500-0
Fax: +49 89/255500-200
E-mail: klaus.franke(at)arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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113034 22.02.2011
Datum: 22.02.2011 - 13:04 Uhr
Sprache: Deutsch
News-ID 33267
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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