Gamma expands into Germany with €80m HFO stake

Pan-European unified comms provider Gamma Communications has expanded into the German market with the purchase of an 80 per cent stake in HFO Holding.

HFO is one of the leading SIP Trunk providers in Germany.

The deal allows Gamma the option to acquire the remaining 20 per cent of HFO shares over the next three years.

Headquartered in Berkshire, England, the comms giant has a market cap of £1.32bn, and is operational in the UK, Spain and the Netherlands.  

Gamma CEO Andrew Taylor said HFO was an acquisition target because the German market for cloud telephony is forecast to "grow rapidly".

"The acquisition of HFO provides Gamma with a fantastic opportunity to enter the German market - one of the largest but under-penetrated Cloud PBX markets in Western Europe," he said.

"We warmly welcome all of HFO's staff and customers into the Gamma family and we look forward to working with them."

Gamma and HFO both primarily sell through the channel, but also hold direct accounts.

Gamma says its key strategy is to develop HFO's SIP Trunk market into making it a stronger force in the wider German Cloud PBX market, using its channel network.

HFO's CEO Achim Hager, welcomed Gamma's pan-European partner experience.

"We are delighted to be completing the move to Gamma and see this as the next step in the development of our business," he said.

"We believe that we can combine our experience of the German market with Gamma's experience of taking Cloud PBX into the channel to develop a leading Cloud PBX business in Germany.  It is great to have found a partner with similar values and approach."

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• Topics
• Vendor
• Gamma Communications
• Germany
• UK
• HFO
• Cloud PBX market