Geneva, 26 February 2013
Hospitality Services GmbH (Austria), a wholly owned subsidiary of Swisscom (Switzerland) Ltd, has signed an Asset Purchase Agreement with Deuromedia Technologies Entwicklungs- und Vertriebs-GmbH, by which it will take over all operations, including the existing contracts with its partners, customers, suppliers and employees and its Romanian subsidiary Deuromedia SRL.
This deal will strengthen the global position of Swisscom’s Hospitality division in Asia, Europe and the US thanks to its strong client portfolio. The closure of the deal is pending approval by the respective competition authorities. Following the completion of the transaction, Swisscom will merge Deuromedia’s operations with its own and will fulfill the existing contractual obligations.
Deuromedia is a global provider of IP-based Infotainment Solutions for the hospitality market. Through its network of regional partners covering Europe, North America, Asia Pacific and the Middle East, the company currently provides its services to many of the finest hotel brands. Clients include Mandarin Oriental, Four Seasons, Lindner Hotels & Resorts and a whole host of other prestigious properties.
“Deuromedia has built up a remarkable client base of hotels with its high quality IPTV offering, and through its network of partners”, says Leo Brand, CEO of Swisscom Hospitality Services. “We are looking forward to introducing these products into our Managed Services portfolio to propose a broader suite of solutions to address the needs of all segments of the hotel industry. These products join Swisscom’s already award-winning range of TV solutions, and will be seamlessly integrated with our full product set, including High Speed Internet Access, Content, Room Controls and Mobility.”
“I’m very pleased to see Deuromedia joining the Swisscom Group. This move will allow Deuromedia’s hotel customers and partners to benefit from Swisscom’s broad expertise in the hospitality industry and financial strength.” says Markus Hiebeler, CEO of Deuromedia.
Swisscom Hospitality Services, a division of Switzerland’s leading Telecom carrier Swisscom (Switzerland) Ltd, supplies the global hotel industry with integrated technology solutions. The company advises hotel chains and groups on the rapidly evolving digitization of their communication services and works with them towards optimizing their IT Total Cost of Ownership. Swisscom Hospitality Services builds and manages convergent hotel networks that integrate both Swisscom and 3rd-party applications. The Swisscom suite of guest and hotel applications includes IPTV, Connected TV, HSIA, Voice over IP, room controls as well as business center and conference solutions. Swisscom works with 2,000+ partner hotels across North America, EMEA and Asia-Pacific. www.swisscom.com/hospitality