Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Drillisch’s Acquisition of Phone House Germany

Posted 21st May 2015

Drillisch’s Acquisition of Phone House Germany

Drillisch's Acquisition of Phone House Germany

Scroll to keep reading

Drillisch’s Acquisition of Phone House Germany

Drillisch’s Acquisition of Phone House Germany

View Biography

Beiten

Christof Aha, Legal Adviser to Drillisch AG

UK phone and electricals retailer Dixons Carphone announced that it has entered into an agreement to sell The Phone House Deutschland to German MVNO Drillisch.

This disposal follows a period of significant restructuring for the German business and is in line with the group’s stated strategy of focusing on market leadership positions while engaging in other markets through partnerships with its Connected World Services division.

Following completion, which is expected to take place by the end of May, Dixons Carphone will receive a 3 percent stake in the Drillisch Group, with potential further deferred payments from future excess cash flows.

With more than 1 million customer referrals a year and revenue of more than EUR 350 million per annum, the Phone House in one of the largest distributors for mobile and fixed contracts as well as mobile and fixed telephony devices in Germany.

Drillish said it completes the creation of its new comprehensive offline distribution channel with this acquisition. The German operator earlier this year acquired a number of stores from Telefonica Germany following its takeover of E-Plus, in order to start its own physical retail chain.

The German company said it sees opportunities for further cooperation with Dixons Carphone, such as handset insurance and hardware.

Categories: Finance, M&A

You Might Also Like

Bogota Selected To Host Major Global Events Through 2017

27/04/2015Bogota Selected To Host Major Global Events Through 2017

Today, Invest in Bogota announced that the city will host numerous key industry events in 2015 through 2017, further establishing Colombia and its capital as a world-class destination for business.

Should Real Estate Investment Be Part Of Your Acquisition Plan in 2023?

10/05/2023Should Real Estate Investment Be Part Of Your Acquisition Plan in 2023?

The real estate market is rarely out of the media now. The pandemic saw huge rises in property prices. And demand for homes went through the roof. Now though, high inflation and mortgage rate hikes are causing consternation for buyers.

What To Do If You Sustain a Serious Injury in a Florida Car Accident

30/09/2024What To Do If You Sustain a Serious Injury in a Florida Car Accident

Florida is known for its sunny weather, but unfortunately, it also has a reputation for being one of the states with the highest number of car crashes. This means that every year, thousands of people die or sustain serious injuries in car accidents. If you liv

Taking Energy Empowerment to the next Level

13/02/2017Taking Energy Empowerment to the next Level

At Avant Garde Innovations ™, our goal is to eliminate energy poverty, reduce dependence on struggling state power grids and create energy self-sufficiency for all the needy ones through distributed, localised and affordable renewable energy.

Steps You Can Take to Prevent and Mitigate Cybercrime in Your Company

21/10/2022Steps You Can Take to Prevent and Mitigate Cybercrime in Your Company

In 2022, the war on cybercrime is continuing as criminals get savvier and continue to seek new ways to exploit businesses and the public online. Back in 2016, we noted here at Acquisition International that cybercrime was a looming threat. It's therefore no su

Dole Acquires Chile’s TucFrut Farms

10/10/2016Dole Acquires Chile’s TucFrut Farms

Dole Food Company announces the acquisition of the TucFrut farms and packing facilities in the Molina and Linares areas of Chile. The TucFrut property, located 140 miles South of Santiago

Cross-Border M&A Is Hot, but There’s a Trap for Tax Planners

10/09/2015Cross-Border M&A Is Hot, but There’s a Trap for Tax Planners

Cross-border mergers and acquisitions are at their hottest pace since before the financial crisis. In fact, M&A volume was $1.10 trillion in 2014, up from $775.3 billion in 2013 and the highest since 2008.

Inside the Codebase: Five Steps of Software Development You Need to Know

01/09/2023Inside the Codebase: Five Steps of Software Development You Need to Know

Article written by Valentin Kuzmenko, Chief Commercial Officer/ VP of Sales at Andersen Modern businesses cannot function properly without pioneering software products. Companies willing to get efficient solutions partner with IT providers offering impeccable

How Can CFOs Help Businesses Navigate the Pandemic

07/09/2021How Can CFOs Help Businesses Navigate the Pandemic

The global spread of COVID-19 has had some drastic effects on the way businesses function. This article highlights steps CFOs can take across three major sectors: immediate recovery, short-term stability, and long-term improvements.

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS