Landline telephones: VTech is allowed to take over significant assets of Gigaset

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Summary:

The German Federal Cartel Office (Bundeskartellamt) has approved the planned acquisition of key assets of Gigaset Communications GmbH (Gigaset) by Snom Solutions GmbH, a subsidiary of VTech Group, within the one-month deadline. Gigaset, which is in receivership, is a significant player in the European market for home telephones, while VTech is mainly active in producing telephones for third-party companies. The combination of the two companies is not expected to pose significant competition issues, as alternative providers such as Panasonic, AVM, Mitel, RTX, and Ascom Wireless are available in the market. The Bundeskartellamt has therefore cleared the takeover in the first review phase.