19.03.2018
Softing AG DE0005178008
DGAP-News: Corporate news from Softing AG (ISIN: DE0005178008, Prime Standard) concerning the acquisition of Globalmatix AG
DGAP-News: Softing AG / Key word(s): Takeover
Corporate news from Softing AG (ISIN: DE0005178008, Prime Standard)
concerning the acquisition of Globalmatix AG
19.03.2018 / 11:40
The issuer is solely responsible for the content of this announcement.
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Based in Vaduz (Liechtenstein), Globalmatix AG is a provider of integrated
MVNO (Mobile Virtual Network Operator) services. The company uses its
cellular telephony network license to operate its own telecommunications and
telematics platform. Agreements with Tier 1 cellular network operators
ensure that Globalmatix has access to first-class networks worldwide. These
mobile data communications are unlocked with the company's own eSIM
(embedded SIM).
Inexpensive and secure access to data from mobile units is currently one of
the key competencies required for developing the world's fastest-growing
markets. The acquisition of Globalmatix enables Softing to offer worldwide
mobile data communications for vehicles and machinery in Machine-to-Machine
(M2M) and Internet of Things (IoT) applications. Coverage will initially
extend to Europe and North America. The strategic focus is on services that
provide corporate clients with data from mobile units within a secure cloud
environment. While B2C services for data or voice would also be technically
possible, these are not currently part of Softing's overall enterprise
strategy.
Typical use cases with strong revenue potential include connected car
services such as in-vehicle access to diagnostic data, fleet management for
large companies and leasing businesses, anti-theft surveillance, GIS data,
car sharing, and operational profiles for delivery/service vehicles. With
the services Softing will provide in the future, heavy truck manufacturers
can offer their customers entirely new business models such as pay-per-use.
The cellular network license also gives Softing full access to the
forthcoming 5G networks that will be needed for autonomous (or as currently,
semi-autonomous) driving.
Thanks to its acquisition of Globalmatix and its team of cellular telephony
specialists, Softing is now in a position to roll-out fully functional
systems for its customers. Accordingly, this year will see a number of fleet
trials, which will last around six to eight months given their significance
for customers. By early 2019 at the latest, Softing expects to see
significant new revenue from subscription models based on services driven by
this acquisition.
Contact:
Dr. Wolfgang Trier
CEO
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19.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Softing AG
Richard-Reitzner-Allee 6
85540 Haar
Germany
Phone: +49 (0)89 456 56-333
Fax: +49 (0)89 456 56-399
E-mail: [email protected]
Internet: www.softing.com
ISIN: DE0005178008
WKN: 517800
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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665519 19.03.2018
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