DGAP-News: Softing AG / Key word(s): Takeover Corporate news from Softing AG (ISIN: DE0005178008, Prime Standard) concerning the acquisition of Globalmatix AG 19.03.2018 / 11:40 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Based in Vaduz (Liechtenstein), Globalmatix AG is a provider of integrated MVNO (Mobile Virtual Network Operator) services. The company uses its cellular telephony network license to operate its own telecommunications and telematics platform. Agreements with Tier 1 cellular network operators ensure that Globalmatix has access to first-class networks worldwide. These mobile data communications are unlocked with the company's own eSIM (embedded SIM). Inexpensive and secure access to data from mobile units is currently one of the key competencies required for developing the world's fastest-growing markets. The acquisition of Globalmatix enables Softing to offer worldwide mobile data communications for vehicles and machinery in Machine-to-Machine (M2M) and Internet of Things (IoT) applications. Coverage will initially extend to Europe and North America. The strategic focus is on services that provide corporate clients with data from mobile units within a secure cloud environment. While B2C services for data or voice would also be technically possible, these are not currently part of Softing's overall enterprise strategy. Typical use cases with strong revenue potential include connected car services such as in-vehicle access to diagnostic data, fleet management for large companies and leasing businesses, anti-theft surveillance, GIS data, car sharing, and operational profiles for delivery/service vehicles. With the services Softing will provide in the future, heavy truck manufacturers can offer their customers entirely new business models such as pay-per-use. The cellular network license also gives Softing full access to the forthcoming 5G networks that will be needed for autonomous (or as currently, semi-autonomous) driving. Thanks to its acquisition of Globalmatix and its team of cellular telephony specialists, Softing is now in a position to roll-out fully functional systems for its customers. Accordingly, this year will see a number of fleet trials, which will last around six to eight months given their significance for customers. By early 2019 at the latest, Softing expects to see significant new revenue from subscription models based on services driven by this acquisition. Contact: Dr. Wolfgang Trier CEO --------------------------------------------------------------------------- 19.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Softing AG Richard-Reitzner-Allee 6 85540 Haar Germany Phone: +49 (0)89 456 56-333 Fax: +49 (0)89 456 56-399 E-mail: [email protected] Internet: www.softing.com ISIN: DE0005178008 WKN: 517800 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 665519 19.03.2018