Go to deals
Business Support Services | TMT

Swisscom AG has sold the business unit Hospitality Services to HoistLocatel AB

Swisscom AG has sold Swisscom Hospitality Services to HoistLocatel AB. Financial details have not been disclosed.

Swisscom Hospitality Services (SHS) has been active for over 12 years in the provision of high-speed internet access services (HSIA), interactive entertainment systems (IPTV), conference solutions and managed network services for hotels and conference centers in the EMEA region and in North America. SHS serves over 2,000 sites, encompassing 260,000 guest rooms, with its convergent IP services. In 2014, SHS has seen its installed customer base grow by 20% as demand for quality HSIA services as well as for hospitality-specific IP network design and installation skills have been rising substantially.

HoistLocatel AB develops and supplies systems, products and services to independent hotels and hotel chains, hospitals and public venues in Europe and the Middle East.

Swisscom is Switzerland’s leading telecom company and one of its foremost IT companies. Swisscom’s international activities are concentrated mainly on Italy, where its subsidiary Fastweb is one of the country's largest broadband providers. Swisscom employs around 21,500 people and had revenues of US$12 billion in 2015. The company is listed at the Swiss Stock Exchange SIX in Zurich, while 51% of the shares are held by the Swiss Confederation.

Oaklins' team in Switzerland supported the seller in the preparation of the sale process, including the drafting of the information memorandum and the financial information.

Parties

Talk to the deal team

Dr. Jürg  Stucker

Dr. Jürg Stucker

Partner
Zurich, Switzerland
Oaklins Switzerland
Dr. Daniel  Spring

Dr. Daniel Spring

Partner
Bern, Switzerland
Oaklins Switzerland

Related deals

Perkbox has been acquired by Great Hill Partners
Private Equity | TMT

Perkbox has been acquired by Great Hill Partners

Molten Ventures has sold Perkbox to Great Hill Partners.

Learn more
Arculus Cyber Security has been acquired by Bridewell
Private Equity | TMT

Arculus Cyber Security has been acquired by Bridewell

The shareholders of Arculus Cyber Security (Arculus) have sold the business to Bridewell. The deal will bolster Bridewell’s growing roster of accreditations as well as strengthen its public sector footprint, enabling the expansion of its end-to-end cyber security offering for clients across the globe.

Learn more
PCI Pal has completed an equity raise
Financial Services | TMT

PCI Pal has completed an equity raise

PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.

Learn more