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VTech can take over Gigaset assets in Germany, watchdog says

( March 5, 2024, 11:49 GMT | Official Statement) -- MLex Summary: VTech unit Snom Solutions has received approval to acquire significant assets from Gigaset Communications, the German competition authority said today. Both VTech and Gigaset are active at different market levels of the home phone business in Europe. Gigaset, currently under debtor-in-possession management as part of insolvency proceedings, has very high market shares in landline phones for household use. Nevertheless, the authority concluded that the deal isn’t expected to significantly impede effective competition.Statement follows. ...

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