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Corporation
vtech.com

Partners & Customers

10

Service Providers

1

About VTech Holdings

VTech Holdings (HKSE: 0303) designs and manufactures consumer electronic products. The Company's products include corded and cordless telephones and electronic learning solutions from infancy to preschool. VTech also provides contract manufacturing services.

Headquarters Location

23/F, Tai Ping Industrial Centre Block 1, 57 Ting Kok Road, Tai Po, New Territories

Hong Kong

852-2680-1000

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Latest VTech Holdings News

VTech to Acquire Assets of Gigaset Communications GmbH

Feb 19, 2024

VTech to Acquire Assets of Gigaset Communications GmbH February 19, 2024 15:15 GMT+700 Gigaset Logo Strategic Acquisition Strengthens VTech's Global Businesses and Operations Hong Kong and Bocholt, Germany (ANTARA/PRNewswire)- VTech Holdings Limited ("VTech", HKSE: 303), a global leader in electronic learning products from infancy through toddler and preschool and the largest manufacturer of residential phones in the United States, today announced that Snom Solutions GmbH, its indirect wholly-owned subsidiary, has entered into an Assets Purchase Agreement to acquire the assets (including the manufacturing facilities located in Bocholt, Germany) of Gigaset Communications GmbH ("Gigaset"). Gigaset is the market leader for DECT (Digital Enhanced Cordless Telecommunications) cordless phones in Europe. It also provides business telephony solutions for enterprise customers, Android-based mobile communications as well as cloud-based smart home offerings for private and business customers. Through the acquisition of Gigaset's assets, VTech will be able to strengthen its leadership position in residential cordless phones, expand its market channels and product portfolios globally, as well as manufacturing footprint in Europe. The acquisition would also add engineering talents to VTech's global R&D teams, leveraging synergies in technological development of its products and operational efficiencies. "We are excited to be making this strategic acquisition. Gigaset's product portfolio, European market leadership, advanced R&D capabilities and manufacturing excellence are highly complementary with VTech," said Hillson Cheung, President of VTech Telecommunication Products. "With VTech's financial backing and management support, the business activities of Gigaset would be able to continue after the acquisition, and move towards a sustainable growth and development." "The acquisition represents a significant step forward in our transition journey," said Dr Magnus Ekerot, CEO of Gigaset. "As part of the VTech family, we will have a solid foundation not only to strengthen the relationship with our global business partners, but also facilitate our products to reach more consumers and enterprise customers, giving us a unique platform to embark on a new era of growth." The acquisition is expected to complete on 2 April 2024, subject to fulfilment of the closing conditions set forth in the Assets Purchase Agreement. VTech intends to fund the acquisition through internal resources. Investor Conference Call VTech will conduct a conference call to discuss the information included in this news release and related matters in April 2024 after the completion of the acquisition. About Gigaset Gigaset is a global leader in communications technology, offering a wide range of products and solutions. As Europe's market leader in DECT phones, Gigaset also ranks among the leaders internationally with around 850 employees and sales activities in over 50 countries. In addition to DECT phones, the business activities of the traditional German company with its more than 175-year history also include an extensive mobile communications portfolio for private and business customers, cloud-based smart home and smart care solutions as well as business telephony solutions for SoHo, SMEs and the enterprise sector. About VTech VTech is the global leader in electronic learning products from infancy through toddler and preschool and the largest manufacturer of residential phones in the US. It also provides highly sought-after contract manufacturing services. Since its establishment in 1976, VTech has been a pioneer in the electronic learning toy category. With advanced educational expertise and cutting-edge innovation, VTech products provide fun and learning to children around the world. Leveraging decades of success in cordless telephony, VTech's diverse collection of telecommunication products elevates both home and business users' experience through the latest in technology and design. As one of the world's leading electronic manufacturing service providers, VTech offers world-class, full turnkey services to customers in a number of product categories. The Group's mission is to integrate economic growth, environmental protection and social responsibility in its business strategies to design, manufacture and supply innovative and high quality products for the well-being of people and benefit of society, aiming to drive sustainable value for its stakeholders and the communities. Source: VTech

VTech Holdings Acquisitions

2 Acquisitions

VTech Holdings acquired 2 companies. Their latest acquisition was Snom on October 20, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/20/2016

Private Equity

$99M

Acquired

3

2/8/2016

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$99M

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10

Date

10/20/2016

2/8/2016

Investment Stage

Private Equity

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

3

10

VTech Holdings Partners & Customers

10 Partners and customers

VTech Holdings has 10 strategic partners and customers. VTech Holdings recently partnered with GXO on September 9, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

9/26/2023

Vendor

United States

GXO Logistics extends partnership with VTech

GXO Logistics said on Tuesday it has extended its partnership with VTech .

3

1/25/2023

Partner

United States

Home / Press Release / VTech and TerraCycle Encourage Sustainability Through Expanded Recycling Program and Post-Holiday Promotion.

VTech Electronics North America , L.L.C. 's partnership with TerraCycle is part of its commitment to its Sustainability Plan 2025 , which includes efforts to develop eco-friendly products and packaging and continuous engagement in various post-consumer recycling programs .

1

2/10/2022

Partner

United States

Home / Press Release / VTech and LeapFrog Baby Monitors Offer Sleep Support Through New Partnership with WeeSleep.

`` I 've admired VTech Holdings Limited 's innovations for years and am thrilled to collaborate with their team as a sleep expert , '' said Janey Reilly , CEO and Founder of WeeSleep .

1

3/29/2021

Partner

United States

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10

11/3/2020

Partner

United States

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10

Date

9/26/2023

1/25/2023

2/10/2022

3/29/2021

11/3/2020

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

GXO Logistics extends partnership with VTech

GXO Logistics said on Tuesday it has extended its partnership with VTech .

Home / Press Release / VTech and TerraCycle Encourage Sustainability Through Expanded Recycling Program and Post-Holiday Promotion.

VTech Electronics North America , L.L.C. 's partnership with TerraCycle is part of its commitment to its Sustainability Plan 2025 , which includes efforts to develop eco-friendly products and packaging and continuous engagement in various post-consumer recycling programs .

Home / Press Release / VTech and LeapFrog Baby Monitors Offer Sleep Support Through New Partnership with WeeSleep.

`` I 've admired VTech Holdings Limited 's innovations for years and am thrilled to collaborate with their team as a sleep expert , '' said Janey Reilly , CEO and Founder of WeeSleep .

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Sources

3

1

1

10

10

VTech Holdings Service Providers

1 Service Provider

VTech Holdings has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - P2P

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acq - P2P

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

VTech Holdings Team

3 Team Members

VTech Holdings has 3 team members, including current Chief Information Officer, Tony Tam.

Name

Work History

Title

Status

Tony Tam

Chief Information Officer

Current

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Name

Tony Tam

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Work History

Title

Chief Information Officer

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Status

Current

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