Mitel Announces Definitive Agreement to Sell DeTeWe to German ICT Systems Integrator Ostertag Group
- Mitel focuses on UCC market; disposes of non-core systems integration business; aligns go-to-market model across Europe
- Ostertag strengthens position as a prime Systems Integrator in Germany for ICT and cloud solutions; adds scale, regional coverage and innovative technical skills
- Maintains DeTeWe, as part of Ostertag, as a Mitel channel partner in Germany, enabling seamless continuity for customers and employees
OTTAWA and STUTTGART, Germany,
Strengthens Mitel and Ostertag as German businesses look for seamless communications to drive digital transformation
Building on their existing relationship, the transaction is a strategic and logical move for both companies. Mitel is selling its non-core system integration business, simplifying and aligning its go-to-market model across Europe as it focuses on the unified communications and collaboration market. Ostertag, a prominent platform-independent ICT systems integrator in Germany, is capitalizing on domestic market consolidation as it positions the company to become one of the market leaders in ICT services and consulting.
“This is a win-win that sets Ostertag and Mitel up for growth and success as businesses in Germany begin to pivot to cloud-enabled solutions to help digitally transform their operations,” said Rich McBee, CEO of Mitel. “With DeTeWe as part of the
Seamless business continuity for customers and employees in Germany
The definitive agreement includes a transition services agreement, enabling seamless continuity of support and services for customers. Upon closing, DeTeWe, as part of the
“The market for communications solutions is growing rapidly, driven by increasing customer demand for integrated solutions that can connect employees wherever they are. Ostertag recognized this trend early and has successfully leveraged innovation, sophisticated ICT solutions and managed services, to outpace the market and win business with mid-sized and large companies as well as in key verticals like healthcare” said Marcus Haensel, Managing Director of Ostertag. "With DeTeWe becoming a part of the group, Ostertag will be even better able to offer customers a rich selection of innovative services and solutions.”
As a result of this transaction, Manuel Ferre-Hernandez, currently Country Manager of Mitel Germany, immediately becomes Managing Director of Mitel Germany. Once the transaction is completed, Christian Fron will join
Forward Looking Statements
Some of the statements in this communication are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. and Canadian securities laws. These include statements using the words believe, target, outlook, may, will, should, could, estimate, continue, expect, intend, plan, predict, potential, project and anticipate, and similar statements which do not describe the present or provide information about the past. There is no guarantee that the expected events or expected results will actually occur. Such statements are subject to a number of risks and uncertainties. These statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, operational and other factors. Any changes in these assumptions or other factors could cause actual results to differ materially from current expectations. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth in this paragraph. Undue reliance should not be placed on such statements. In addition, material risks that could cause actual results to differ from forward-looking statements include: the inherent uncertainty associated with financial or other projections; the risk that the sale of
A global market leader in business communications powering more than two billion business connections, Mitel (Nasdaq:MITL) (TSX:MNW) helps businesses and service providers connect, collaborate and provide innovative services to their customers. Our innovation and communications experts serve more than 70 million business users in more than 100 countries. For more information, go to www.mitel.com and follow us on Twitter @Mitel.
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Founded in 1995 by Gerhard Ostertag, the company grew rapidly and has been established as
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