Gigaset Communications Explained

Gigaset AG
Type:Aktiengesellschaft
Location:Bocholt, North Rhine-Westphalia, Germany
Key People:Klaus Weßing (CEO and chairman of the executive board), Bernhard Riedel (Chairman of the supervisory board)
Revenue:€280 million (2018)[1]
Operating Income: (€8.5 million) (2018)
Net Income: €3.4 million (2018)
Assets: €213.1 million (2018)
Num Employees:888 (2018)
Industry:Consumer electronics
Products:Cordless, VoIP and corded telephones as well as Smart Home
Homepage:www.gigaset.com

Gigaset AG, formerly known as Siemens Home and Office Communication Devices, is a German multinational corporation based in Bocholt, Germany. More active in the area of communications technology, it manufactures DECT telephones.

On 5 April 2024, Vtech Holdings Limited completed its acquisition of the company.[2]

History

Gigaset Communications was established on 1 October 2008, when, a private equity firm, acquired 80.2% equity interest in Siemens Home and Office Communication Devices GmbH & Co. KG (SHC) from Siemens AG for 45 million euros.[3] [4]

Subsequently, the firm became controlled by the Goldin Group (>70%), being controlled by the Hong Kong businessman and entrepreneur Pan Sutong.[5] Gigaset AG was listed on the Prime Standard of Deutsche Börse and its shares were traded on the Frankfurt Stock Exchange (ISIN: DE0005156004).

In 2017, it had 930 employees, revenue of 293 million Euro and sales activities in approximately 70 countries.[6] In January 2024 it was announced that Gigaset and its assets would be acquired by VTech;[7] [8] that transaction was completed three months later.

Products and services

Gigaset creates numerous products for home and small office use:

Recent Gigaset and Gigaset pro cordless phones support Cat-iq 2.0 with HD Voice, allowing high-quality calls with a frequency response up to 7 kHz on VoIP/SIP phones and home gateways, using the G.722 wideband audio codec (dubbed High Definition Sound Performance (HDSP) by Gigaset).

Eco Dect and Eco Dect Plus are power-saving technologies used by Gigaset.[12] Energy savings of 60-80% are available using a combination of low-energy switched-mode power supply unit, reduction of transmission power by adjusting transmission power according to the handset's distance to the base station, and switching off radio wave transmission completely when the handset is docked and charging or in standby mode. A green home logo indicates that the product has these features.

Notes and References

  1. Web site: Annual Report 2018 . 9 Nov 2019 . Gigaset . 31 March 2022 . https://web.archive.org/web/20220331131530/https://gse.gigaset.com/fileadmin/gigaset/images/AG/Publications/Annual-Reports/EN/AR2018_EN.pdf . live .
  2. Web site: VTech Completes Acquisition of Assets of Gigaset Communications GmbH. PR Newswire. 2024-04-09. en.
  3. https://www.nytimes.com/2008/02/26/technology/26siemens.html Siemens Plans to Cut Up to 7,000 Jobs
  4. https://www.nytimes.com/2008/08/25/technology/25ifa.html A Home Network Where Your TV Talks to Your Fridge
  5. News: Gigaset: Das ist das erste Smartphone aus Deutschland. Heuzeroth. Thomas. 2018-05-29. DIE WELT. 2018-05-30. 2018-05-30. https://web.archive.org/web/20180530005352/https://www.welt.de/wirtschaft/article176787276/Gigaset-Das-ist-das-erste-Smartphone-aus-Deutschland.html. live.
  6. Web site: Annual Reports Gigaset. www.gigaset.com. en. 2018-05-30. 2022-06-29. https://web.archive.org/web/20220629205428/https://www.gigaset.com/en_en/cms/gigaset-ag/investor-relations/publications/annual-reports.html. live.
  7. Web site: VTech to Acquire Assets of Gigaset Communications GmbH. VTech. 2024-01-24.
  8. Web site: VTech to Acquire Assets of Gigaset Communications GmbH. Gigaset. 2024-01-24.
  9. Web site: Gigaset presents new GS270 smartphone | Gigaset . 2017-11-18 . 2017-12-01 . https://web.archive.org/web/20171201041234/http://www.gigaset.com/hq_en/cms/home/press/news-detail/news/detail/News/gigaset-presents-new-gs270-smartphone.html . live .
  10. Web site: Discover the Gigaset GL7 flip phone. www.gigaset.de. 11 March 2023. Gigaset. 11 March 2023. 11 March 2023. https://web.archive.org/web/20230311145124/https://www.gigaset.com/hq_en/gigaset-gl7/. live.
  11. Web site: Radikale Minimalisten ct 2023 issue 07 page 67ff73 Feature-Phones with Messenger. 11 March 2023. www.ct.de. c't. 11 March 2023. 11 March 2023. https://web.archive.org/web/20230311140046/https://www.heise.de/select/ct/2023/7/2302011511067477889. live.
  12. Web site: Eco Dect Green Home . GigaSet . 2017-01-21 . 2016-12-14 . https://web.archive.org/web/20161214104950/http://www.gigaset.com/hq_en/cms/information/eco-dect-green-home.html . live .