August 07, 2019

Sale of TELES Communication Systems GmbH

Sale of TELES Communication Systems GmbH

TELES AG Informationstechnologien, as a 100% shareholder, sold TELES Communication Systems GmbH, Vienna, to the local management under the leadership of Managing Director Thomas Haydn through Management Buy-Out (MBO). The transaction still requires the approval of the Supervisory Board of TELES AG Informationstechnologien.

At the same time, both companies have signed a strategic partnership agreement that will ensure continued close cooperation over the next years.

Unlike the TELES AG Information Technologies, the acquirer is able to finance the modern and very complex Unified Communications as a Service business with additional investments that are still necessary. TELES AG Informationstechnologien itself concentrates on its core business Carrier Solutions.

The Management Board TELES AG Informationstechnologien