NFON AG : NFON to acquire Deutsche Telefon Standard AG, an SIP trunking PBX phone firm
>€ 19.5m price tag financed with IPO proceeds, debt and capital increase - NFON AG announced that it will acquire the German internet phone company Deutsche Telefon Standard AG (DTS) for € 19.5m. Management expects to complete this transaction in Q1 2019 after the audit of DTS's 2018 annual financial statements. NFON will finance the € 17m cash component with € 7m in IPO proceeds and € 10m in new debt. In addition, DTS’s existing shareholders will receive NFON shares ...Nfon AG is a Germany-based company that provides cloud-based telephone systems. Its product and service offering includes primarily NFON Cloud Telephone System, a public multi-tenant PBX delivering servicing from the cloud, as well as specialist solutions. The Company's services enable communication for customers and their employees on various devices, including smartphones, tablets, personal computers, and desk phones. Its customers range from local small businesses to international large enterprises. The Company is active in various European countries, including Germany, Austria, Switzerland, the Netherlands, Poland, Hungary, the United Kingdom, Slovenia, Slovakia, Spain, Croatia, Romania and Portugal.
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